Issuer Free Writing Prospectus
Filed pursuant to Rule 433(d)
Registration No. 333-197576
January 26, 2016
Export Development Canada / Exportation et développement Canada (“EDC”)
U.S.$1,000,000,000 1.250% United States Dollar Bonds due 2019
Final Term Sheet
January 26, 2016
| Issuer: | Export Development Canada / Exportation et développement Canada | |
| Title: | 1.250% United States Dollar Bonds due 2019 | |
| Existing Long-Term Issuer Ratings*: | Aaa Stable (Moody’s), AAA Stable (S&P) | |
| Format: | SEC Registered | |
| Size: | U.S.$1,000,000,000 | |
| Trade Date: | January 26, 2016 | |
| Settlement Date: | February 2, 2016 (T+5) | |
| Maturity Date: | February 4, 2019 | |
| Callable: | No, unless a change in the laws or regulations of Canada would require the payment by EDC of additional amounts on the bonds. | |
| Interest Payment Dates: | Semi-annually on February 4 and August 4, commencing with a long first coupon on August 4, 2016. Interest will accrue from February 2, 2016. | |
| First Interest Payment Date: | August 4, 2016 | |
| Benchmark Treasury: | UST 1.125% due January 15, 2019 | |
| Benchmark Treasury Price and Yield: | 100-04 1⁄4 / 1.079% Semi-annual | |
| Spread to Benchmark Treasury: | 23.9bps | |
| Yield to Maturity: | 1.318% | |
| Coupon: | 1.250%, accruing from February 2, 2016 | |
| Price: | 99.800% plus accrued interest, if any, from February 2, 2016 | |
| Day Count: | 30/360 following unadjusted | |
| Specified Currency: | United States Dollars (“$”) | |
| 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: | Barclays Bank PLC HSBC Bank plc RBC Capital Markets, LLC TD Securities (USA) LLC | |
| Co-managers: | BNP Paribas BMO Capital Markets Corp. CIBC World Markets Corp. Citigroup Global Markets Inc. Crédit Agricole Corporate & Investment Bank Credit Suisse Securities (Europe) Limited Daiwa Capital Markets Europe Limited Deutsche Bank AG, London Branch Goldman Sachs International J.P. Morgan Securities plc Merrill Lynch, Pierce, Fenner & Smith Incorporated Mizuho International plc Morgan Stanley & Co. International plc Scotia Capital (USA) Inc. Skandinaviska Enskilda Banken AB (publ) | |
| Billing and Delivering: | HSBC Bank plc | |
| Settlement: | DTC, CDS, Euroclear, Clearstream | |
| CUSIP Number: | 30216B FZ0 | |
| ISIN: | US30216BFZ04 | |
| Reference Document: | Prospectus Supplement, subject to completion, dated January 26, 2016 and Prospectus dated August 5, 2014. https://www.sec.gov/Archives/edgar/data/276328/000119312516437664/d125242d424b2.htm | |
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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.
This document is for distribution only to persons who: (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc”) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000, as amended (including the Financial Services Act 2012)) in connection with the issue or sale of any Bonds may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.
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.
* 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 the Issuer.
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 1-888-603-5847 for Barclays Bank PLC, 1-866-811-8049 for HSBC Bank plc, 1-866-375-6829 for RBC Capital Markets, LLC or 1-855-495-9846 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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