New Issue: Export Development Canada sells $1.25 billion notes due 2022 at 99.759

By Cristal Cody

Tupelo, Miss., May 10 – Export Development Canada (Aaa/AAA) priced $1.25 billion of 2% five-year notes at a spread of 14.45 basis points over Treasuries on Wednesday, according to an FWP filing with the Securities and Exchange Commission.

The notes priced at 99.759 to yield 2.051%.

BMO Capital Markets Corp., Citigroup Global Markets Inc., BofA Merrill Lynch and RBC Capital Markets, LLC were the bookrunners.

Proceeds from the sale will be used for general corporate purposes.

Ottawa-based Export Development Canada is a Canadian government-owned export credit agency.

Issuer:	Export Development Canada
Amount:	$1.25 billion
Description:	Notes
Maturity:	May 17, 2022
Bookrunners:	BMO Capital Markets Corp., Citigroup Global Markets Inc., BofA Merrill Lynch and RBC Capital Markets, LLC
Co-managers:	Barclays, BNP Paribas Securities Corp., CIBC World Markets Corp., Credit Agricole CIB, Daiwa Capital Markets Europe Ltd., Deutsche Bank AG, London Branch, Goldman Sachs International, HSBC Bank plc, J.P. Morgan Securities plc, Mizuho International plc, Morgan Stanley & Co. International plc, Nomura International plc, Scotia Capital (USA) Inc. and TD Securities (USA) LLC
Coupon:	2%
Price:	99.759
Yield:	2.051%
Spread:	Treasuries plus 14.45 bps
Call feature:	None
Trade date:	May 10
Settlement date:	May 17
Ratings:	Moody’s: Aaa
	S&P: AAA
Distribution:	SEC registered

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