Province of Ontario Completes Global Bond Offering in October 2004

On October 21, 2004, the Province of Ontario completed the sale of US$1 billion aggregate principal amount of 3.625 per cent global bonds due October 21, 2009. The bonds were offered through an underwriting syndicate led by Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc. and RBC Capital Markets Corp. and including ABN AMRO Bank NV, Barclays Capital Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Lehman Brothers Inc., the Toronto-Dominion Bank, UBS Securities LLC, CIBC World Markets Corp., Credit Suisse First Boston LLC, Harris Nesbitt Corp., National Bank Financial Inc. and Scotia Capital (USA) Inc. The bonds were offered for sale in the US through a prospectus supplement under the Province’s existing shelf registration statement and will be listed on the Luxembourg Stock Exchange.

The Province was represented by legal counsel from the Ministry of the Attorney General, that included Malle Hanslep and Nicole Symeonides; and by Shearman & Sterling LLP, for US matters, with a team that included Brice Voran, Doug Nathanson and Tania Garcia-Eaton in Toronto.

The underwriters were represented by Stikeman Elliott LLP, with a team that included James Davis and Lisa Houston in Toronto and Sherry Roth in London; and by Davis Polk & Wardwell in the US, with a team that included Winthrop B. Conrad, Jr., Donna Chambers and Jean Weng.


Sherry Roth Douglas B. Nathanson Donna Chambers Tania I. Garcia-Eaton Lisa Houston James C. Davis Winthrop B. Conrad, Jr.


Shearman & Sterling LLP Stikeman Elliott LLP Davis Polk & Wardwell