A series of new trivalent rare-earth allyl-borohydride complexes with the formula [RE(BH4 )2 (C3 H5 )(thf)x ] (RE=Sc (1), x=2; RE=Y (2) and La (3), x=3) were synthesized by reaction of the corresponding rare-earth trisborohydrides [RE(BH4 )3 (thf)x ] with half an equivalent of bis(allyl)magnesium. The complexes were fully characterized by determining their X-ray structure. Similar to their previously described Nd (4) and Sm (5) analogues, these complexes display a monomeric structure with two terminal trihapto BH4 groups, one π-η3 allyl ligand, three THF molecules for complexes 2 and 3, and two THF molecules for complex 1. The catalytic behavior of complexes 1-5 toward the ring-opening polymerization (ROP) of l-lactide (l-LA) and ϵ-caprolactone (ϵ-CL) was assessed. The Nd complex featured the best activity toward l-LA (turnover frequency (TOF)=1300 h-1 ) and the order was Nd>La>Sm>Y>Sc. Complexes 1-3 were found very active for the ROP of ϵ-CL (TOF=166 000 h-1 ), which is in line with the already established exceptionnally high performance of complexes 4 and 5. With both monomers, it was shown that the borohydride moiety was the preferentially initiating group, rather than the allyl one. The random copolymerization of l-LA and ϵ-CL was performed with complexes 1-5, in the absence or in the presence of benzyl alcohol as a chain-transfer agent, affording copolymers with ϵ-caprolactone up to 62 % inserted. The copolymers synthesized display a variety of microstructures, that is, blocky, random, or quasi-alternating.