Our Montréal office has advised PSP Capital on the distribution of C$1.75 billion of its 1.73 per cent notes, series 10, due June 21, 2022. This was effected on June 21, 2017. PSP Investments manages the net contributions received after April 1, 2000, from the pension plans of the Federal Public Service, Canadian Forces, Royal Canadian Mounted Police and net contributions received after March 1, 2007, from the pension plan of the Reserve Force. PSP Capital was set up in response to PSP Investments’ objective to seek financing alternatives in order to optimize its leverage in its private market portfolios. Net proceeds from the issuance of notes will be used to finance PSP Investments activities and/or to repay existing PSP Capital debt. The team included Solomon Sananes, Renée Loiselle and Michelle Felsky.