By Cristal Cody
Prospect News, June 12 - Export Development Canada sold $250 million in a reopening of two-year floating-rate global instruments at par to yield Libor plus 18 basis points, according to final terms.
The series 12-22 instruments due Aug. 7, 2014 are redeemable at par.
Merrill Lynch International of London was the dealer.
The issuer has applied to the list the instruments (Aaa/AAA/) on the London Stock Exchange's regulated market.
Ottawa-based Export Development Canada provides financing, insurance and risk management to Canadian exporters and investors.
| Issuer: | Export Development Canada
|
| Issue: | Floating-rate global instruments
|
| Amount: | $250 million reopening
|
| Maturity: | Aug. 7, 2014
|
| Bookrunners: | Merrill Lynch International
|
| Coupon: | Libor plus 18 bps
|
| Price: | Par
|
| Yield: | Libor plus 18 bps
|
| Call option: | Non-callable
|
| Trade date: | May 31
|
| Settlement date: | June 7
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Distribution: | Regulation S
|
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