By Cristal Cody
Prospect News, Jan. 18 - Export Development Canada sold £400 million in a reopening of its 1% temporary global instruments due Dec. 8, 2014 at 99.991 to yield 1.001%, according to final terms.
Deutsche Bank AG, RBC Europe Ltd. and Royal Bank of Scotland plc were the managers.
The issuer has applied to list the series 12-5 instruments (Aaa/AAA/) on the London Stock Exchange's regulated market.
Proceeds will be used by Export Development Canada for corporate purposes.
Ottawa-based Export Development Canada provides financing, insurance and risk management to Canadian exporters and investors.
| Issuer: | Export Development Canada
|
| Securities: | Temporary global instruments
|
| Amount: | £400 million reopening
|
| Maturity: | Dec. 8, 2014
|
| Bookrunners: | Deutsche Bank AG, RBC Europe Ltd. and Royal Bank of Scotland plc
|
| Coupon: | 1%
|
| Price: | 99.991
|
| Yield: | 1.001%
|
| Call option: | Not applicable
|
| Put option: | Not applicable
|
| Pricing date: | Jan. 13
|
| Settlement date: | Jan. 18
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Distribution: | Regulation S, Tefra D
|
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