Published on 8/18/2016 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.
New Issue: Export Development Canada prices $500 million 0.875% two-year notes
By Cristal Cody
Eureka Springs, Ark., Aug. 18 – Export Development Canada (Aaa/AAA/AAA) priced $500 million of 0.875% two-year notes on Thursday with a spread of Treasuries plus 23.3 basis points, according to a market source.
The notes are due Aug. 27, 2018.
RBC Capital Markets, LLC and TD Securities (USA) LLC were the lead managers.
Ottawa-based Export Development Canada is a Canadian government-owned export credit agency.
| Issuer: | Export Development Canada
|
| Amount: | $500 million
|
| Description: | Notes
|
| Maturity: | Aug. 27, 2018
|
| Bookrunners: | RBC Capital Markets, LLC, TD Securities (USA) LLC
|
| Coupon: | 0.875%
|
| Spread: | Treasuries plus 23.3 bps
|
| Trade date: | Aug. 18
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Distribution: | Rule 144A, Regulation S
|
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