Here’s how we crunched the numbers

Financings must have been completed by Dec. 31, 2016.

The gross proceeds of a deal, including exercise of the greenshoe option, are included; discount notes are valued by gross proceeds.

Financings in foreign currencies have been converted to C$s using the exchange rate on the day of pricing.

Financings by all units of a firm are rolled into the parent’s numbers.

Equity or debt issued for which no underwriting fees have been paid are excluded.

Underwriters are included as follows: for domestic & U.S. corporate deals the underwriting syndicate (excludes banking group); for government debt deals: the management group; for Euro & Global debt deals: the bookrunners.

For Canada Housing Trust deals, all lead underwriters are given exclusive and equal credit.

Equity includes the following: private placements with a $1.5-million minimum; special warrants, irrespective of whether the issuer has received the total proceeds; preferred shares, preferred hybrids (e.g. COPrS); and convertible debt and debt to be settled by equity. Rights offerings and other derivatives are excluded.

Corporate debt includes the following: a minimum 1.5-year term, unless part of a tranche offering; medium-term notes; assetand mortgage-backed securities, deposit notes and private placements, all with a $50-million minimum unless part of a tranche offering. Includes universities and school boards since the debt is not guaranteed by government. Bank-issued debt (primarily deposit notes and ABS/MBS deals) which are self-funded are excluded. (Deals are considered self-funded and are not eligible for league table credit if: (i) the deal has a single dealer; and (ii) the issuer and the dealer share the same ultimate parent.) Equity-linked debt and issues from “continuous issuance programs with posted rates” are excluded. Debt issued by wholly owned, foreign incorporated subsidiaries are not eligible. Debt issued pursuant to a government sponsored program, such as the Canadian Secured Lending Facility, are excluded.

Government debt includes the following: a minimum 1.5-year term; and domestic and Euro medium term notes. Equity-linked debt and issues from “continuous issuance programs” have not been included. Municipal debt with a $20-million minimum are included.

IPOs include only the common equity portion of split share deals; junior capital pools (JCPs) have not been included.

For more on FP Infomart, call 1-800-661-POST or contact helpdesk@postmedia. com.