{"id":6773,"date":"2021-09-10T20:29:57","date_gmt":"2021-09-10T20:29:57","guid":{"rendered":"https:\/\/www.fnfa.ca\/?page_id=6773"},"modified":"2026-01-29T13:32:42","modified_gmt":"2026-01-29T21:32:42","slug":"commercial-paper","status":"publish","type":"page","link":"https:\/\/fnfa.ca\/en\/for-investors\/commercial-paper\/","title":{"rendered":"Commercial Paper"},"content":{"rendered":"
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Program Size<\/strong>: C$900 million authorized<\/p>\n

Rating<\/strong>: R-1 (Middle), Stable Trend<\/p>\n

Security<\/strong>: Backstopped (1:1) by credit facility with syndicate of seven Chartered Banks<\/p>\n

Issuance size<\/strong>: C$300\u2013 C$450 million<\/p>\n

Term<\/strong>: Under 90 days with preference for 30 days<\/p>\n

Market presence<\/strong>: Bi-weekly<\/p>\n

Latest Commercial Paper Rating<\/a><\/p>\n

June 2024 Commercial Paper Rating<\/a><\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\n

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Program Background<\/h3>\n\t\t\t\t\t\t\t\t

First Nations Finance Authority<\/strong> (FNFA) is pleased to announce it is now raising capital for its short-term funding (\u201cInterim Financing\u201d) program through the issuance of commercial paper in the Canadian money market. Prior to this, money was raised through chartered banks but was considered more expensive than issuing securities under the FNFA\u2019s own name. FNFA has issued annually in the bond market since 2014.<\/p>\n\t\t\t\t\t\t\t\t\tInvestor’s Presentation<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t

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\"\"<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":58,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","footnotes":""},"class_list":["post-6773","page","type-page","status-publish","hentry"],"acf":{"tagline":"","header_background_color":"","title_replace":"","banner_image":{"ID":13785,"id":13785,"title":"cp-construction-header","filename":"cp-construction-header.webp","filesize":383760,"url":"https:\/\/fnfa.ca\/wp-content\/uploads\/2026\/01\/cp-construction-header.webp","link":"https:\/\/fnfa.ca\/en\/for-investors\/commercial-paper\/cp-construction-header\/","alt":"","author":"2","description":"","caption":"","name":"cp-construction-header","status":"inherit","uploaded_to":6773,"date":"2026-01-27 18:38:04","modified":"2026-01-27 18:38:04","menu_order":0,"mime_type":"image\/webp","type":"image","subtype":"webp","icon":"https:\/\/fnfa.ca\/wp-includes\/images\/media\/default.png","width":2560,"height":1000,"sizes":{"thumbnail":"https:\/\/fnfa.ca\/wp-content\/uploads\/2026\/01\/cp-construction-header-150x150.webp","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/fnfa.ca\/wp-content\/uploads\/2026\/01\/cp-construction-header-300x117.webp","medium-width":300,"medium-height":117,"medium_large":"https:\/\/fnfa.ca\/wp-content\/uploads\/2026\/01\/cp-construction-header-768x300.webp","medium_large-width":640,"medium_large-height":250,"large":"https:\/\/fnfa.ca\/wp-content\/uploads\/2026\/01\/cp-construction-header-1024x400.webp","large-width":640,"large-height":250,"1536x1536":"https:\/\/fnfa.ca\/wp-content\/uploads\/2026\/01\/cp-construction-header-1536x600.webp","1536x1536-width":1536,"1536x1536-height":600,"2048x2048":"https:\/\/fnfa.ca\/wp-content\/uploads\/2026\/01\/cp-construction-header-2048x800.webp","2048x2048-width":2048,"2048x2048-height":800}}},"yoast_head":"\nCommercial Paper - 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