New Issue: Export Development Canada prices C$500 million 1.65% five-year bonds

By Cristal Cody

Tupelo, Miss., July 24 – Export Development Canada (Aaa/AAA) priced C$500 million of 1.65% five-year registered green bonds on Wednesday at a spread of 31.5 basis points over the Government of Canada benchmark, according to an FWP filing with the Securities and Exchange Commission.

The bonds priced at 99.885 to yield 1.674%.

CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc. were the bookrunners.

Proceeds will be used for projects that are beneficial to the environment.

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

Issuer:	Export Development Canada
Amount:	C$500 million
Description:	Bonds
Maturity:	July 31, 2024
Bookrunners:	CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc.
Co-managers:	BMO Capital Markets Corp., BNP Paribas (Canada) Securities Inc., Casgrain & Co. Ltd., Credit Agricole CIB, Desjardins Securities Inc., HSBC Securities (Canada) Inc., J.P. Morgan Securities plc, Merrill Lynch Canada Inc., National Bank Financial Inc. and Scotia Capital Inc.
Coupon:	1.65%
Price:	99.885
Yield:	1.674%
Spread:	Government of Canada benchmark plus 31.5 bps
Call feature:	None
Trade date:	July 24
Settlement date:	July 31
Ratings:	Moody’s: Aaa
	S&P: AAA
Distribution:	SEC registered

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