{"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":"2026-08-27T15:22:13","modified_gmt":"2026-08-27T22:22:13","slug":"commercial-paper","status":"publish","type":"page","link":"https:\/\/fnfa.ca\/en\/delete-investors2__trashed\/commercial-paper\/","title":{"rendered":"Commercial Paper"},"content":{"rendered":"<div class=\"row cntBlock col2block\" id=\"col2block-block_9d3597c410a373367ac87f8094615d5c\">\n\t\t\t\t\t\t\t\t<div class=\"col-12 col-lg-6\">\n\t\t\t\t\t\t\t\t<div class=\"colImg\"><img decoding=\"async\" src=\"https:\/\/fnfa.ca\/wp-content\/uploads\/2020\/02\/bark-2.jpg\" alt=\"\" \/><\/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\t\t\t\t\t\t\t\t<div class=\"col-12 col-lg-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t<p><strong>Program Size<\/strong>: C$1.4 billion<\/p>\n<p><strong>Rating<\/strong>: R-1 (Middle), Stable<\/p>\n<p><strong>Security<\/strong>: Backstopped (1:1) by credit facility with syndicate of six Chartered Banks<\/p>\n<p><strong>Issuance size<\/strong>: C$250\u2013 C$400 million<\/p>\n<p><strong>Term<\/strong>: Under 90 days with preference for 30 days<\/p>\n<p><strong>Market presence<\/strong>: Weekly<\/p>\n<p><a class=\"btn\" style=\"background: #113660\" href=\"\/en\/for-investors\/bonds\/credit-rating-history\/\" rel=\"noopener\">Credit Rating History<\/a><\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\n<div class=\"row cntBlock col2block\" id=\"col2block-block_84e525a518f4b55acee75f0df741da76\">\n\t\t\t\t\t\t\t\t<div class=\"col-12 col-lg-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t<h3>Program Background<\/h3>\n\t\t\t\t\t\t\t\t<p><strong>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\t<a href=\"https:\/\/fnfa.ca\/wp-content\/uploads\/2025\/09\/FNFA-Commercial-Paper.pdf\" class=\"btn\" style=\"background:#113660;\" target=\"_blank\" >Investor&#8217;s Presentation<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-12 col-lg-6\">\n\t\t\t\t\t\t\t\t<div class=\"colImg\"><img decoding=\"async\" src=\"https:\/\/fnfa.ca\/wp-content\/uploads\/2020\/02\/headpiece.jpg\" alt=\"\" \/><\/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\/delete-investors2__trashed\/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":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - 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