The timing is perfect for this question. Next week we are looking to issue our seventh debenture into the capital markets.
We work the same way a provincial treasury works. We work with all six chartered banks, plus Laurentian Bank, plus Casgrain out of Montreal. We were looking to raise close to $230 million next week. It sold out. It's not a question of whether there's confidence in first nations to repay loans—$230 million is a lot to borrow—it's simply do the first nations have the revenue streams they need to take their communities from the infrastructure level they have now and increase going forward. If the revenues can be increased, the capital markets will lend.
So far there has been no turbulence in relation to the FNFA's program, and as Ernie mentioned earlier in his opening statement, we were upgraded by Moody's—unprecedented. Confidence by first nations in the capital markets has grown each year, and it's at the point now if we were able to work with Canada to do monetization, I think you'd find the investors in the capital markets would step up to support that.