Canada Raises US$3B from Bond Offering

Canada completed an offering of US$3 billion 0.875 per cent bonds due February 14, 2017. The underwriters were Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., RBC Capital Markets, LLC BMO Capital Markets Corp., CIBC World Markets Corp., National Bank Financial Inc., Scotia Capital (USA) Inc., TD Securities (USA) LLC, Casgrain & Company Limited, Desjardins Securities Inc. and Laurentian Bank Securities Inc.

Canada was represented by Martin Marcone, Legal Counsel, Department of Justice Canada, as to Canadian law, and Robert Mullen Jr., Jenny Zhou and Jeremy Steckel (securities) of Milbank, Tweed, Hadley & McCloy LLP, as US counsel.

The underwriters were represented by Jamie Davis, Sherry Roth and Viviana Beltrametti-Walker (securities) of Stikeman Elliott LLP as Canadian counsel and by Alan Dean, Jean Weng, Gregory Scott and Meghan Maloney of Davis Polk & Wardwell LLP as US counsel.

Lawyer(s)

Alan Dean Sherry L. Roth Jean Weng Martin Marcone Robert W. Mullen, Jr.

Firm(s)

Milbank, Tweed, Hadley & McCloy LLP Stikeman Elliott LLP Davis Polk & Wardwell