EUROFIMA Completes Global Instrument Offering

On December 13, 2004, EUROFIMA European Company for the Financing of Railroad Rolling Stock completed the sale of C$250 million aggregate principal amount of 5.15 per cent instruments due in 2019. The debt securities were offered through an underwriting syndicate led by Merrill Lynch International and including Royal Bank of Canada Europe Ltd. and the Toronto-Dominion Bank. The instruments were offered for sale in Canada and Europe through a supplement under EUROFIMA’s existing Programme for the Issuance of Debt Instruments, listed on the London Stock Exchange and settled directly through CDS and indirectly through Euroclear/Clearstream.

The underwriters were represented by Clifford Chance LLP with a team that included Duncan Kellaway, Stewart Dunlop and Zarah Wiles, and by Ogilvy Renault LLP with a team that included Peter Noble and Susan Mann.