Province of Alberta Completes Bond Offerings

On December 16, 2009, the Province of Alberta completed an offering of $350-million principal amount of series CX 4.00 per cent bonds due December 1, 2019; and an offering of $250-million principal amount of series CY 2.75 per cent bonds due December 1, 2014.

Both of the offerings were completed by a syndicate of underwriters led by RBC Dominion Securities Inc. and including BMO Nesbitt Burns Inc., The Toronto-Dominion Bank, CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Merrill Lynch Canada Inc., Casgrain & Company Limited, Laurentian Bank Securities Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc. and Canaccord Capital Corporation.

The Province of Alberta was represented by Michael Gluckman and Christopher Ontkean of Alberta Justice.

The underwriters were represented by Bennett Jones LLP with a team that consisted of Jon Truswell and Joel Gaucher.