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EDC awarded the Deal of the Year for the America’s by Trade Finance Magazine

(OTTAWA) – March 5, 2015

Export Development Canada (EDC) has been awarded the Deal of the Year, by Trade Finance Magazine, for their issuing of a 5-year USD 1 B bond in November, 2014.

EDC is Canada’s trade finance agency, and the leading provider of financing, insurance and bonding for Canadian companies of all sizes that do business outside of Canada.

Each year Trade Finance celebrates the best of the industry with the Deals of the Year Awards. The Deal of the Year Award recognizes innovation and achievement in the trade finance market. Nominations are submitted by market participants, to be evaluated by the Trade Finance editorial team and a panel of judges with industry experience.

Trade Finance Magazine editors examine submissions based on deal value, signs of innovation and deal complexity, as well as risk factors including the tenor and challenges surrounding the execution of the deal.

“We are thrilled to hear that EDC’s global bond has been selected as a Deal of the Year,” said Susan Love, Vice President and Treasurer, EDC. “EDC’s team takes a careful and measured approach when bringing bonds to market. Our transparent and consistent track record has earned us a number of loyal high caliber investors.”

“This deal is yet another reminder of the very strong global following elicited by the EDC name. To be able to achieve such a heavily oversubscribed transaction at this price point highlights EDC’s premium credit and investors’ high regard for the company,” said Paul Eustace, Managing Director, Head of Syndicate, TD Securities.

The bond was underwritten by Citi, Daiwa Capital Markets, Morgan Stanley, and TD Securities. Final book size was almost USD 1.5 B with orders from 58 accounts. EDC expects to issue several benchmark bonds in 2015, as well as a second green bond.

The awards ceremony will be held on March 5th at the Four Seasons Hotel Miami after day one of the Export and Agency Finance Americas Conference.

About Trade Finance Magazine

Trade Finance is a global publication concentrating exclusively on the international trade finance market - from vanilla trade to development and agency finance, structured trade and commodity financing, supply chain, forfaiting and factoring.

Trade Finance reports on trends and developments in the facilitation of trade and imports/exports in the developed and emerging markets – keeping readers informed about the latest issues and most innovative financing mechanisms vital for a successful and profitable trade business.

About EDC

EDC is Canada’s trade finance agency, providing financing and insurance solutions locally and around the world to help Canadian companies of any size respond to international business opportunities. As a profitable Crown corporation that operates on commercial principles, EDC works together with private and public-sector financial institutions to create greater capacity for Canadian companies to engage in trade and investment.

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



Phil Taylor
Export Development Canada
(613) 598-2904
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