Province of Manitoba Completes US$600M Issuance of Global Debentures

On January 21, 2010, Province of Manitoba issued US$600,000,000 2.125 per cent Global Debentures Series FO due April 22, 2013. The Global Debentures were delivered in New York through the facilities of the Depository Trust Company and were also listed on the Regulated Market of the London Stock Exchange on February 10, 2010.

The Global Debentures were offered by an underwriting syndicate jointly led by Banc of America Securities LLC, CIBC World Markets Corp., and National Bank of Canada Financial, including The Toronto-Dominion Bank, RBC Capital Markets Corporation, HSBC Securities (USA) Inc., Scotia Capital (USA) Inc., Bank of Montreal, London Branch and Casgrain & Company (USA) Limited.

Province of Manitoba was represented by Lynn Romeo, Director, Civil Legal Services (SOA), Department of Justice.

The dealers were represented by Sullivan & Cromwell LLP (US counsel), with a team including Robert Buckholz and James Shea, Jr., Thompson Dorfman Sweatman LLP (Manitoba counsel), with a team including Bruce Thompson and Art Stacey; and Ogilvy Renault LLP (Canadian and EU counsel), with a team including Peter Noble and Susan Mann (London).