The Corporation of the City of London Issues and Sells Debentures

On September 19, 2003, The Corporation of the City of London issued $19.795 million 5.415 per cent amortizing debentures and $46.205 million instalment debentures, for the aggregate principal amount of $66 million. The underwriters led by CIBC World Markets Inc., were represented by Heather Douglas of Borden Ladner Gervais LLP.