Published on 8/6/2015 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.
New Issue: Export Development Canada sells upsized $1 billion notes due 2019 at Libor plus 1 bp
By Aleesia Forni
Virginia Beach, Aug. 6 – Export Development Canada priced an upsized $1 billion of floating-rate notes due Aug. 13, 2019 on Thursday at par to yield Libor plus 1 basis point, a market source said.
Bookrunners were BofA Merrill Lynch, BMO Capital and Deutsche Bank Securities Inc.
The notes (Aaa/AAA) were sold via Rule 144A and Regulation S.
The government-backed agency for exporters is based in Ottawa.
| Issuer: | Export Development Canada
|
| Amount: | $1 billion, upsized from $750 million
|
| Description: | Notes
|
| Maturity: | Aug. 13, 2019
|
| Bookrunners: | BofA Merrill Lynch, BMO Capital, Deutsche Bank Securities Inc.
|
| Coupon: | Libor plus 1 bp
|
| Price: | Par
|
| Yield: | Libor plus 1 bp
|
| Trade date: | Aug. 6
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Distribution: | Rule 144A, Regulation S
|
| Price guidance: | Libor plus 1 bp area
|
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