By Cristal Cody
Prospect News, Sept. 7 - Export Development Canada sold Ps. 280 million in a reopening of its 3.375% permanent global instruments due Aug. 22, 2013 at par, according to final terms.
The series 12-31 instruments (Aaa/AAA/) were priced under Export Development Canada's U.S.-dollar-denominated $20 billion debt instrument program.
J.P. Morgan Securities Inc. was the dealer.
Proceeds will be used for corporate purposes.
Export Development Canada has applied to have the notes trade on the London Stock Exchange plc's regulated market.
Ottawa-based Export Development Canada provides financing, insurance and risk management to Canadian exporters and investors.
| Issuer: | Export Development Canada
|
| Amount: | Ps. 280 million
|
| Maturity: | Aug. 22, 2013
|
| Securities: | Permanent global instruments
|
| Bookrunner: | J.P. Morgan Securities Inc.
|
| Coupon: | 3.375%
|
| Price: | Par
|
| Yield: | 3.375%
|
| Redemption: | Par
|
| Put option: | Not applicable
|
| Pricing date: | Aug. 22
|
| Settlement date: | Aug. 31
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Distribution: | Regulation S
|
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