Issuer Free Writing Prospectus
Filed pursuant to Rule 433(d)
Registration No. 333-197576
July 14, 2015
Export Development Canada / Exportation et développement Canada (“EDC”)
U.S.$1,000,000,000 1.750% United States Dollar Bonds due 2020
Final Term Sheet
July 14, 2015
| Issuer: | Export Development Canada / Exportation et développement Canada | |
| Title: | 1.750% United States Dollar Bonds due 2020 | |
| Expected Ratings: | Aaa Stable (Moody’s), AAA Stable (S&P) | |
| Format: | SEC Registered | |
| Size: | U.S.$1,000,000,000 | |
| Trade Date: | July 14, 2015 | |
| Settlement Date: | July 21, 2015 (T+5) | |
| Maturity Date: | July 21, 2020 | |
| Callable: | No, unless a change in the laws or regulations of Canada would require the payment by EDC of additional amounts on the bonds. | |
| Interest Payment Dates: | Semi-annually on January 21 and July 21 | |
| First Interest Payment Date: | January 21, 2016 | |
| Benchmark Treasury: | UST 1.625% due June 2020 | |
| Benchmark Treasury Price and Yield: | 99-26 1⁄4 / 1.663% Semi-annual | |
| Spread to Benchmark Treasury: | +12.7 bps | |
| Yield to Maturity: | 1.790% | |
| Coupon: | 1.750%, accruing from July 21, 2015 | |
| Price: | 99.810% plus accrued interest, if any, from July 21, 2015 | |
| Day Count: | 30/360 following unadjusted | |
| Specified Currency: | United States Dollars (“$”) | |
| Minimum Denomination: | $5,000 and increments of $5,000 in excess thereof | |
| Listing: | Euro MTF Market of the Luxembourg Stock Exchange | |
| 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: | London, New York, Toronto | |
| Representatives: | Citigroup Global Markets Inc. J.P. Morgan Securities plc Merrill Lynch, Pierce, Fenner & Smith Incorporated TD Securities (USA) LLC | |
| Co-managers: | Barclays Bank PLC BMO Capital Markets Corp. BNP Paribas Securities Corp. CIBC World Markets Corp. Crédit Agricole Corporate & Investment Bank Credit Suisse Securities (Europe) Limited Daiwa Capital Markets Europe Limited Deutsche Bank AG, London Branch Goldman Sachs International HSBC Securities (USA) Inc. Mizuho International plc Morgan Stanley & Co. International plc RBC Capital Markets, LLC Scotia Capital (USA) Inc. Skandinaviska Enskilda Banken AB (publ) | |
| Billing and Delivering: | TD Securities (USA) LLC | |
| Settlement: | DTC, CDS, Euroclear, Clearstream | |
| CUSIP Number: | 30216B FR8 | |
| ISIN: | US30216BFR87 | |
| Reference Document: | Prospectus Supplement, subject to completion, dated July 14, 2015 and Prospectus dated August 5, 2014.
http://www.sec.gov/Archives/edgar/data/276328/000119312515251989/d36564d424b2.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 Directive 2010/73/EU) (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. | |
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| 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 (a “Relevant Member State”) will be made pursuant to an exemption under the Prospectus Directive, as 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. | ||
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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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