First National Financial Corporation closes C$800 million offering of senior notes
On October 23, 2025, First National Financial Corporation ("First National") completed its issuance of C$800 million aggregate principal amount of senior notes consisting of:
- C$250 million aggregate principal amount of 4.288% Senior Series 2025-1 notes due October 23, 2028 (the "Series 2025-1 notes") priced at C$1,000 per C$1,000 principal amount,
- C$300 million aggregate principal amount of 4.891% Senior Series 2025-2 notes due October 23, 2030 (the "Series 2025-2 notes") priced at C$1,000 per C$1,000 principal amount, and
- C$250 million aggregate principal amount of 5.443% Senior Series 2025-3 notes due October 25, 2032 (the "Series 2025-3 notes", and, together with the Series 2025-1 notes and the Series 2025-2 notes, the "notes") priced at C$1,000 per C$1,000 principal amount.
The notes were offered on a private placement basis in Canada pursuant to an offering memorandum in reliance upon exemptions from the prospectus requirements under applicable securities legislation. The notes were offered through a syndicate of dealers co-led by TD Securities and CIBC Capital Markets, supported by RBC Capital Markets, BMO Capital Markets, Desjardins Securities, National Bank Capital Markets, Scotiabank, ATB Capital Markets and Laurentian Bank Securities.
Further information can be found on Canada Newswire’s website.
First National Financial Corporation is the parent company of First National Financial LP, a Canadian-based originator, underwriter and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages, with almost C$160 billion in mortgages under administration.