FINANCIAL_SERVICESAPPROVED

Regional Municipality of Peel Debt Issuance Committee Agenda April 2025

Peel Region issues $300M debentures via CDS

$300,000,000.00 principal (six global debentures), 3.85% interestRegional Municipality of PeelCDS CLEARING AND DEPOSITORY SERVICES INCApril 3, 2025

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Description

The Regional Municipality of Peel approved By-law 16-2025 to issue $300 million in ten-year sinking fund debentures, which will be held and administered in global form through CDS Clearing and Depository Services Inc. acting via its nominee CDS & CO. The debentures carry a 3.85% interest rate with semi-annual interest payments and mature on June 2, 2035.

Contract Details

Contract Amount

$300,000,000.00 principal (six global debentures), 3.85% interest

Vendor

CDS CLEARING AND DEPOSITORY SERVICES INC

Agency

Regional Municipality of Peel, Canada

Contract Type

FINANCIAL_SERVICES

Document Date

April 3, 2025

Contract Term

Dated April 8, 2025; interest from April 8, 2025 with first payment June 2, 2025; maturity June 2, 2035 (10 years)

Renewal Date

2035-06-02

Renewal Info

Debentures mature June 2, 2035; the by-law authorizes potential refinancing sinking fund debentures up to an additional 10–20 years for certain capital works but does not provide for automatic renewal of CDS’s role.

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