Bombardier Completes Private Placement and Taps Eurobond Market

On August 1, 2001, Bombardier Inc. completed an offering of $250 million Senior Unsecured Floating Rate Notes due August 30, 2002, underwritten by a syndicate led by National Bank Financial and which included CIBC World Markets and TD Securities Inc. The offering was effected on a private placement basis in Canada only.

Bombardier Inc. tapped the Eurobond Market for the second time this year on August 8, 2001, when Bombardier Corporation, an indirect wholly owned US subsidiary of Bombardier Inc., completed a two-tranche offering of eurobonds listed on the Luxembourg Stock Exchange guaranteed by Bombardier Inc. The two tranches comprised €200 million Floating Rate Notes due August 31, 2002 and ¥20 billion Floating Rate Notes due August 31, 2002, respectively. The issuer has the option to redeem either tranche in whole or in part on January 31, 2002 and April 30, 2002 at par. The syndicate for both tranches was comprised of Deutsche Bank AG London and UBS AG acting through its business group UBS Warburg.

Bombardier Inc. and Bombardier Corporation were represented in respect of the Canadian private placement and both tranches of Eurobond Notes by Peter S. Noble of Ogilvy Renault in London, England and Paul Raymond, Solomon Sananes and Lindsay Matthews and Jules Charette (tax) of Ogilvy Renault in Montreal. John J. Bonacum III, Howard Kenny, Michael Walutes and Alexi Poretz of Morgan, Lewis & Bockius LLP in New York provided US legal advice. The underwriters for the Canadian private placement were represented by Jean Marc Huot and Philippe De Montigny in the Montreal office of Stikeman Elliott. The underwriters for both Eurobond tranches of Notes were represented by Marianne Sussex, Jamie Davis and Jean Marc Huot in the London, Toronto and Montreal offices of Stikeman Elliott, respectively.