PotashCorp Issues US$500M Notes Due 2015 and US$500M Notes Due 2020

On September 28, 2009, Potash Corporation of Saskatchewan Inc. (PotashCorp) issued US$500 million aggregate principal amount of 3.75 per cent notes due September 30, 2015 and US$500 million aggregate principal amount of 4.875 per cent notes due March 30, 2020.

BofA Merrill Lynch, HSBC and RBC Capital Markets acted as joint book-running managers of the offering, while Scotia Capital, BMO Capital Markets, CIBC, Rabo Securities USA, Inc., TD Securities, UBS Investment Bank, Mitsubishi UFJ Securities, Société Générale, Comerica Securities, Goldman Sachs & Co. and Morgan Stanley acted as co-managers.

PotashCorp was advised by Edward (Ward) Winslow, Andrew Farwig and David Shafer (capital markets) of Jones Day in Chicago; William J. Braithwaite, Adam J. Kline and Mike Devereux (corporate) of Stikeman Elliott LLP in Toronto; Nathan Boidman and Marie-Emmanuelle Vaillancourt (tax) of Davies Ward Phillips & Vineberg LLP in Montréal; and Gary J. Gartner, Willys H. Schneider and David A. Sausen (tax) of Kaye Scholer LLP in New York.

The underwriters were represented by Skadden, Arps, Slate, Meagher & Flom LLP with a team including Christopher W. Morgan, Ryan J. Dzierniejko, Michael Acedo, Julie Breau and Sarah Ward (corporate); Eric Sensenbrenner and Aaron Feinberg (tax) and Henry Eisenberg (environmental).