Share

____________________
Finance

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

Ottawa - 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.


The Exchange Morning Post is a free business news service. As market changes are becoming more noticable and more frequent it is more important than ever to know what's going on and whose behind it; where there from, who backs them etc.. We stand for good business, global economic shifts affect everyone, they can as easiliy open up opportunities, as take them away. Changes on the other side of the world ripple quickly through the oceans to change, hopefully improve, life style here. Please consider making a small donation to help keep this business and market news service continue in the tradition that it has served for 32 years. Thanks in advance, your contribution is appreciated.
Content published on this site represents the opinion of the individual/organization and/or source provider of the Content. ExchangeMagazine.com is non-partisan, online journal. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2015. Additional editorials, comments and releases are copyright of respective source(s) and/or institutions or organizations.


Exchange Magazine for Business
Subscription options:

Exchange Magazine Paper Version
Exchange Magazine - Digital version


_____________________


_____________________


_____________________


 

Subscription Options