Transaction|December 10, 2013
Home Capital garners C$300 million with its first issue of deposit notes
Torys acted as counsel to Home Trust with a team that included Kevin Morris and Miranda Callaghan (corporate/securities) and Blair Keefe (regulatory).
On December 10, 2013, Home Trust Company Inc. (Home Trust) announced the successful closing of its initial issue of institutional five-year deposit notes in the principal amount of C$300 million. The notes, announced December 5, 2013, are Home Trust's first market offering under its inaugural deposit note programme. The 3.40% senior unsecured notes, due Dec. 10, 2018, were placed by a syndicate of dealers led by TD Securities Inc.
Home Trust, a federally regulated trust subsidiary of Home Capital Group, is one of Canada's leading trust companies offering deposits, mortgage lending, retail credit and credit card issuing services.
Further information can be found on The Wall Street Journal's website.
Home Trust, a federally regulated trust subsidiary of Home Capital Group, is one of Canada's leading trust companies offering deposits, mortgage lending, retail credit and credit card issuing services.
Further information can be found on The Wall Street Journal's website.