| Issuer: | Export Development Canada / Exportation et développement Canada | |
| Title: | 1.50% United States Dollar Bonds due May 15, 2014 | |
| Ratings: | AAA/Aaa/AAA (S&P, Moody’s, DBRS) | |
| Format: | SEC Registered | |
| Size: | $1,000,000,000 | |
| Trade Date: | April 11, 2011 | |
| Settlement Date: | April 18, 2011 (T+5) | |
| Maturity Date: | May 15, 2014 | |
| Callable: | No, unless any change in the laws or regulations of Canada that would require the payment by EDC of additional amounts on the bonds | |
| Interest Payment Dates: | May 15 and November 15 | |
| First Interest Payment Date: | November 15, 2011 | |
| Benchmark Treasury: | UST 1.250% due March 15, 2014 | |
| Benchmark Treasury Yield: | 1.313% | |
| Spread to Benchmark Treasury: | +24.1 bps | |
| Yield to Maturity: | 1.554% | |
| Coupon: | 1.500% | |
| Price: | 99.838% | |
| Day Count: | 30/360 | |
| Specified Currency: | United States Dollars (“$”) | |
| Minimum Denomination: | $5,000 and increments of $5,000 in excess thereof | |
| Listing: | Luxembourg Euro MTF Market | |
| Status: | The bonds will carry the full faith and credit of Canada. The payment of the principal of and interest on the bonds will constitute a charge on and be payable out of the Consolidated Revenue Fund of Canada |
| Governing Law: | Province of Ontario / Canada | |
| Business Days: | New York, London, Toronto | |
| Representatives: | Deutsche Bank Securities Inc. | |
| HSBC Securities (USA) Inc. | ||
| RBC Capital Markets, LLC | ||
| TD Securities (USA) LLC | ||
| Co-managers: | Barclays Bank PLC | |
| BNP Paribas Securities Corp. | ||
| CIBC World Markets Corp. | ||
| Citigroup Global Markets Inc. | ||
| Credit Suisse Securities (Europe) Limited | ||
| J.P. Morgan Securities Ltd. | ||
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | ||
| Mizuho International plc | ||
| Morgan Stanley & Co. International plc | ||
| RBS Securities Inc. | ||
| Scotia Capital (USA) Inc. | ||
| Société Générale | ||
| Billing and Delivering: | TD Securities (USA) LLC | |
| CUSIP: | 30216B CN0 | |
| ISIN: | US30216BCN01 | |
| Reference Document: | Prospectus Supplement subject to completion, dated April 11, 2011; Prospectus dated December 17, 2009 | |
| http://sec.gov/Archives/edgar/data/276328/000095012311034459/m69862e424b2.htm | ||
| Legends: | If and to the extent that this announcement is communicated in, or the offer of the bonds to which it relates is made in, any European Economic Area Member State that has implemented Directive (2003/71/EC) (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State) (the “Prospectus Directive”), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted upon by other persons in that Member State. | |
| This document does not constitute or form part of any offer or invitation to sell these bonds and is not soliciting any offer to buy these bonds in any jurisdiction where such offer or sale is not permitted. This document is, for the purposes of Article 15 of the Prospectus Directive, not a prospectus but an advertisement. This document, the prospectus supplement and the base prospectus have been prepared on the basis that all offers of bonds in any member state of the European Economic Area which has implemented the Prospective Directive (a “Relevant Member State”) will be made pursuant to an exemption under the Prospectus Directive, as | ||
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| implemented in that Relevant Member State, from the requirement to produce and publish a prospectus for offers of the bonds. Neither this document nor the prospectus supplement nor the base prospectus have been approved as a prospectus by a competent authority in any Relevant Member State and accordingly none is a prospectus for the purposes of the Prospectus Directive. | ||
| A securities rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time. | ||
| This communication is intended for the sole use of the person to whom it is provided by us. | ||
| The Issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 for Deutsche Bank Securities Inc., 1-866-811-8049 for HSBC Securities (USA) Inc., 1-866-375-6829 for RBC Capital Markets, LLC, and 1-800-263-5292 for TD Securities (USA) LLC. | ||
| Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system. |
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