Davis Polk & Wardwell LLP advised underwriters represented by Banc of America Securities LLC, HSBC Securities (USA) Inc., RBC Capital Markets Corporation and RBS Securities Inc. in connection with the offering of $1 billion aggregate principal amount of 1.25% U.S. dollar bonds due 2015, issued by Export Development Canada.

Export Development Canada, a crown corporation of Canada, provides financing, insurance and bonding solutions to Canadian companies that export goods and services or invest in other countries. The bonds carry the full faith and credit of Canada.

The Davis Polk team included partner Alan Dean, counsel Jean Weng and associate Gregory C. Scott. Gwendolyn P. Ranada was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.