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EDC responds to demand for sustainable investment with new Green Bond

(OTTAWA) – December 1, 2015

Export Development Canada (EDC) priced today a new USD 300 million 1.25% Fixed Rate Green Bond due December 10, 2018. The lead underwriters were BofA Merrill Lynch, Crédit Agricole CIB and Morgan Stanley. This new bond reflects EDC’s ongoing commitment to developing the Green Bond market. This offering is scheduled to close on December 8, 2015.

This is EDC’s second Green Bond issuance. Its inaugural Green Bond, which was issued in January 2014, received strong support from the Green Bond investor community.

“The demand for sustainable investment products is rising in the international capital markets community,” said Ken Kember, Senior Vice-President, Finance, and Chief Financial Officer, EDC. “EDC is doing its part to sustain this upwards trend with this new Green Bond offering.”

The proceeds of this offering will be used to support EDC’s portfolio of green assets, including loan assets made to companies that are active in fields of preservation, protection or remediation of air, water, and/or soil, creation of renewable energy and mitigation of climate change.

“Encouraging environmental sustainability and the development of Canadian cleantech companies is a core part of EDC’s business,” said Kember. “The Green Bond is just one example of EDC’s commitment to widening its reach within this field.”

Examples of the transactions and projects related to EDC’s Green Bond program include:

Company/Project: BioAmber Inc.
Sector: Biofuels and Bioenergy
Location: Canada

Company/Project: Northland Power Inc., Buitengaats C.V. & Zeenergie C.V. (Project Gemini)
Sector: Biofuels and Bioenergy
Location: Netherlands

Company/Project: Pinnacle Renewable Inc.
Sector: Biofuels and Bioenergy
Location: Canada

Company/Project: Raizen Energia S.A.
Sector: Biofuels and Bioenergy
Location: Brazil

The Centre for International Climate and Environmental Research (CICERO), an independent research centre associated with the University of Oslo in Norway, endorsed EDC’s Green Bond Framework.

In connection with any public offering in the United States by EDC of green bonds, EDC has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest in any such offering, you should read the prospectus in that registration statement and other documents EDC has filed with the SEC for more complete information about EDC and this offering. You may get these documents free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, in connection with any such offering, EDC will send you the prospectus if you request it by calling (613) 598-2800.

About EDC

EDC helps Canadian companies go, grow, and succeed in their international business. As a financial Crown corporation, EDC provides financing, insurance, bonding, trade knowledge, and matchmaking connections to help Canadian companies sell and invest abroad. EDC can also provide financial solutions to foreign buyers to facilitate and grow purchases from Canadian companies.

For more information about how we can help your company, call us at
1-888-434-8508 or visit www.edc.ca.

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Spokesperson

Caroline Elie
Export Development Canada
(613) 598-3063
celie@edc.ca
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