The investment-grade bonds are due 2027

Davis Polk advised the underwriters in connection with the offering of $2.75 billion aggregate principal amount of 3.000% U.S. dollar bonds due 2027 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 Deanna L. Kirkpatrick, counsel Jeffrey S. Ramsay and associates Christian Knoble and Robert MacKenzie. The tax team included counsel Alon Gurfinkel and associate Veronica Davis. Members of the Davis Polk team are based in the New York and London offices.