FWP 1 d700813dfwp.htm FWP FWP

Issuer Free Writing Prospectus

Filed pursuant to Rule 433(d)

Registration No. 333-182717

March 26, 2014

Export Development Canada / Exportation et développement Canada (“EDC”)

U.S.$1,000,000,000 1.000% United States Dollar Bonds due 2017

Final Term Sheet

March 26, 2014

 

Issuer:

   Export Development Canada / Exportation et développement Canada

Title:

   1.000% United States Dollar Bonds due 2017

Expected Ratings:

   AAA/Aaa (S&P, Moody’s)

Format:

   SEC Registered

Size:

   U.S.$1,000,000,000.00

Trade Date:

   March 26, 2014

Settlement Date:

   April 2, 2014 (T+5)

Maturity Date:

   May 15, 2017

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:

   May 15 and November 15

First Interest Payment Date:

   May 15, 2014 (short first coupon)

Benchmark Treasury:

   UST 0.750% due March 15, 2017

Benchmark Treasury Price and Yield:

   99-18+ / 0.894%

Spread to Benchmark Treasury:

   +14.2 bps

Yield to Maturity:

   1.036%

Coupon:

   1.000%, accruing from April 2, 2014

Price:

   99.890%

Day Count:

   30/360

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:

   New York, London, Toronto

Representatives:

  

BNP Paribas

HSBC Securities (USA) Inc.

Merrill Lynch, Pierce, Fenner & Smith

                   Incorporated

Scotia Capital (USA) Inc.

Co-managers:

  

Barclays Bank PLC

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

Mizuho International plc

Morgan Stanley & Co. International plc

RBC Capital Markets, LLC

Skandinaviska Enskilda Banken AB (publ)

Standard Chartered Bank

TD Securities (USA) LLC

Billing and Delivering:

   HSBC Securities (USA) Inc.

CUSIP Number:

   30216B EX6

ISIN:

   US30216BEX64

Reference Document:

  

Prospectus Supplement, subject to completion, dated March 26, 2014 and Prospectus dated July 20, 2012.

 

https://www.sec.gov/Archives/edgar/data/276328/000119312514115908/d697721d424b2.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, 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 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 1-800-854-5674 for BNP Paribas Securities Corp., 1-866-811-8049 for HSBC Securities (USA) Inc. 1-800-294-1322 for Merrill Lynch, Pierce, Fenner & Smith Incorporated, and 1-800-372-3930 for Scotia Capital (USA) Inc.

 

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.