Over $3.4B in First Nations-led Projects Financed by FNFA

For Immediate Release: June 26, 2025

Westbank First Nation, British Columbia – First Nations Finance Authority (FNFA) has issued its first 30-year bond for $350 million contributing to financing Haisla First Nation (British Columbia) and their majority equity ownership in Cedar LNG; a floating LNG facility being built within Haisla’s traditional territory. This issuance also marks the addition of Cedar Leaf Capital to the syndicate selling FNFA’s issuances to investors.

“With a collective goal of promoting more Indigenous participation in the capital markets, it made sense to partner with Canada’s first majority Indigenous-owned investment dealer,” said FNFA President and CEO, Ernie Daniels. “We welcome the opportunity to work with Cedar Leaf Capital as a member of our bond syndicate.”

Once complete, Haisla’s Cedar LNG will be one of the lowest carbon LNG facilities in the world which is intended to run on hydro-electric power. With more investors across the world insisting that portions of their portfolios are held in securities that support sustainability, social and impact investment goals, FNFA bonds are a clear choice.

“We are honoured to be part of the syndicate for this historic bond issuance by First Nations Finance Authority,” said Clint Davis, CEO of Cedar Leaf Capital.

FNFA’s loan portfolio now exceeds $3.4 billion in financing for its members, has created an estimated 34,000 job opportunities and contributed $7.4 billion to Canada’s economy. Over half of the 634 First Nations in Canada are scheduled to the Act FNFA operates under giving them access to pursue financing and services.

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About FNFA

FNFA is a non-profit organization that provides financing and access to long-term loans with preferable interest rates, investment and advisory services to First Nation governments that voluntarily schedule to the First Nations Fiscal Management Act. FNFA does not rely on federal government funding and is self-sufficient.

About Cedar Leaf Capital

Cedar Leaf Capital Inc. is Canada’s first majority Indigenous-owned investment dealer, with a commitment to Indigenous economic reconciliation. The firm provides services as an underwriter or placement agent of new debt issues for corporate and government clients in Canada, with plans to potentially expand into advisory services and equity capital markets. Cedar Leaf Capital operates as a registered Investment Dealer across all provinces and territories in Canada. The company is regulated by the Canadian Investment Regulatory Organization (CIRO).

Media Contact:

Jennifer David, FNFA

Director of Communications and Marketing

Email: jdavid@fnfa.ca