Obligation Canada Export Development 2.25% ( US30216BCD29 ) en USD

Canada Export Development

100 % ▼

Canada

US30216BCD29 ( en USD )

2.25% par an ( paiement semestriel )

28/05/2015 - Obligation échue

Prospectus brochure de l'obligation Export Development Canada US30216BCD29 en USD 2.25%, échue

5 000 USD

1 000 000 000 USD

30216BCD2

NR

Aaa ( Première qualité )

Export Development Canada (EDC) est une société d'État canadienne qui aide les entreprises canadiennes à réussir à l'international en offrant des services de financement, d'assurance et de cautionnement à l'exportation, ainsi que des services-conseils et du soutien à la recherche de marchés.

L'Obligation émise par Canada Export Development ( Canada ) , en USD, avec le code ISIN US30216BCD29, paye un coupon de 2.25% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 28/05/2015

L'Obligation émise par Canada Export Development ( Canada ) , en USD, avec le code ISIN US30216BCD29, a été notée Aaa ( Première qualité ) par l'agence de notation Moody's.

L'Obligation émise par Canada Export Development ( Canada ) , en USD, avec le code ISIN US30216BCD29, a été notée NR par l'agence de notation Standard & Poor's ( S&P ).

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Filed pursuant to Rule 424(b)(2)
Registration Statement Nos. 333-148248 and 333-162531

P R O S P E C T U S S U P P L E M E N T

(To prospectus dated December 17, 2009)

Export Development Canada
(An agent of Her Majesty in right of Canada)
Exportation et développement
Canada
(Mandataire de Sa Majesté du chef du Canada)

U.S. $1,000,000,000
2.250% United States Dollar Bonds due May 28, 2015

Export Development Canada will pay interest on the bonds semi-annually in arrears on May 28 and
November 28 of each year, commencing November 28, 2010. Interest will accrue from May 28, 2010. EDC
cannot redeem the bonds prior to maturity unless certain events occur involving Canadian taxation as further
described in "Description of Bonds -- Maturity, Redemption and Purchases". The bonds will mature on May 28,
2015.

The bonds will constitute direct unconditional obligations of EDC and as such will carry the full faith and
credit of Canada and will constitute direct unconditional obligations of and by Canada. The payment of the
principal of and interest on the bonds will constitute a charge on and be payable out of the Consolidated Revenue
Fund of Canada.

Application has been made for the bonds offered by this prospectus supplement to be admitted to the
Official List of the Luxembourg Stock Exchange and for such bonds to be admitted to trading on the Euro MTF
Market of the Luxembourg Stock Exchange. Unless the context otherwise requires, references in this prospectus
supplement to the bonds being "listed" shall mean that the bonds have been admitted to trading on the Euro MTF
Market and have been admitted to the Official List of the Luxembourg Stock Exchange. The Underwriters will
purchase all of the bonds if any are purchased.

Per Bond

Total

Public offering price(1)

99.807 %
U.S. $ 998,070,000
Underwriting discount

0.125 %
U.S. $ 1,250,000
Proceeds, before expenses, to EDC(1)

99.682 %
U.S. $ 996,820,000

(1) Plus accrued interest from May 28, 2010, if settlement occurs after such date.

Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is
truthful or complete. Any representation to the contrary is a criminal offense.

We expect that the bonds will be ready for delivery in book-entry form only through The Depository
Trust Company, CDS Clearing and Depository Services Inc., Clearstream, Luxembourg or Euroclear, as the case
may be, on or about May 28, 2010.

BofA Merrill Lynch
Citi
Deutsche Bank Securities
TD Securities

Barclays Capital

BNP PARIBAS

CIBC

Credit Suisse

HSBC

Mizuho International plc

Morgan Stanley

RBC Capital Markets

RBS
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Scotia Capital

The date of this prospectus supplement is May 20, 2010.
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TABLE OF CONTENTS

Page

Prospectus Supplement
Summary of the Offering
S-4
Description of Bonds
S-5
Clearing and Settlement
S-9
Tax Matters
S-11
Underwriting
S-14
Legal Opinions
S-16
Authorized Agent
S-16
General Information
S-16
Basic Prospectus
About this Prospectus

2
Where You Can Find More Information

2
Jurisdiction and Consent to Service

3
Export Development Canada

3
Use of Proceeds

4
Description of the Debt Securities

4
Tax Matters

5
Plan of Distribution
10
Authorized Agent
11
Public Official Documents
11

This prospectus supplement should be read together with the prospectus dated December 17, 2009
of Export Development Canada ("EDC") (the "basic prospectus") which contains, or incorporates by
reference, information regarding EDC, Canada and other matters, including a description of certain
terms of EDC's securities. Neither EDC nor the Underwriters (as defined herein) have authorized any
other person to provide you with different information. If anyone provides you with different or
inconsistent information, you should not rely on it. Neither EDC nor the Underwriters are making an
offer to sell these bonds in any jurisdiction where the offer or sale is not permitted. You should assume
that the information appearing in this prospectus supplement and the accompanying basic prospectus,
as well as the information previously filed by EDC with the United States Securities and Exchange
Commission (the "SEC") and incorporated by reference in the accompanying basic prospectus, is
accurate only as of the date of such documents. That portion of the bonds being offered by this
prospectus supplement and the accompanying basic prospectus to be sold in the United States or in
circumstances where registration of the bonds is required has been registered under registration
statement nos. 333-148248 and 333-162531 which EDC has filed with the SEC. Further information
regarding EDC and the bonds may be found in registration statement no. 333-162531.

EDC and Canada file reports and other information with the SEC in the United States. You may
read and copy any document EDC or Canada files at the SEC's public reference room at 100 F Street,
N.E., in Washington, D.C. Please call the SEC at 1-800-SEC-0330 for more information on the public
reference rooms and their copy charges. EDC's and Canada's SEC filings are also available to the
public from the SEC's website at www.sec.gov and will be available at the offices of the Luxembourg
listing agent.

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The distribution of this prospectus supplement and the accompanying basic prospectus and the
offering of the bonds in certain jurisdictions may be restricted by law. In particular, in the case of
offers in the European Economic Area, or EEA, the bonds may not be offered or sold, directly or
indirectly, except in circumstances that will result in compliance with Directive 2003/71/EC of the
European Parliament and of the Council of 4 November 2003 (the "Prospectus Directive") and any
implementing legislation in any Relevant Member State (as defined below) and any other applicable
laws and regulations. Persons in whose possession this prospectus supplement and the accompanying
basic prospectus come should inform themselves about and observe any such restrictions. This
prospectus supplement and the accompanying basic prospectus do not constitute, and may not be used
in connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or
solicitation is not authorized or in which the person making such offer or solicitation is not qualified to
do so or to any person to whom it is unlawful to make such offer or solicitation. See "Underwriting".

This prospectus supplement has been prepared on the basis that all offers of bonds in any member
state of the EEA which has implemented the Prospective Directive (a "Relevant Member State") will
be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant
Member State, from the requirement to produce and publish a prospectus for offers of the bonds.
Accordingly, any person making or intending to make any offer in that Relevant Member State of the
bonds which are the subject of the placement referred to in this prospectus supplement may only do so
in circumstances in which no obligation arises for EDC or the Underwriters to produce and publish a
prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to
Article 16 of the Prospective Directive, in relation to such offer. Neither EDC nor the Underwriters
have authorized, nor do they authorize, the making of any offer of the bonds in circumstances in which
an obligation arises for EDC or the Underwriters to publish a prospectus or supplement a prospectus
for such offer. EDC has not authorized and does not authorize the making of any offer of the bonds
through any financial intermediary, other than offers made by the Underwriters resulting in sales
constituting the final placement of the bonds contemplated in this prospectus supplement.

References in this prospectus supplement to "U.S. $" and "United States dollars" are to the lawful
money of the United States of America and all references to the "European Economic Area" or "EEA"
are to the Member States of the European Union together with Iceland, Norway and Liechtenstein.

In this prospectus supplement, unless otherwise indicated, dollar amounts are expressed in United
States dollars. On May 20, 2010 the noon spot rate of the Bank of Canada for conversion of United
States dollars ("U.S. $") to Canadian dollars ("Cdn. $") was U.S. $1.00 = Cdn. $1.07.

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SUMMARY OF THE OFFERING

The following summary is qualified in its entirety by, and should be read in conjunction with,
the more detailed information appearing elsewhere in this prospectus supplement and the
accompanying basic prospectus.

Issuer
Export Development Canada, an agent of Her Majesty in right of
Canada, 151 O'Connor Street, Ottawa, Ontario, Canada K1A 1K3
(Phone: (613) 598-2800).

Securities Offered
U.S. $1,000,000,000 principal amount of 2.250% United States Dollar
Bonds due May 28, 2015.

Interest Payment Dates May 28 and November 28 of each year, commencing November 28,
2010.

Redemption
We will not redeem the bonds prior to maturity, unless certain events
occur involving Canadian taxation. See "Description of Bonds --
Maturity, Redemption and Purchases".

Markets
We will offer the bonds for sale in the United States, Canada, Europe
and Asia. See "Underwriting".

Listing
Application has been made to list (as defined on the cover page of this
prospectus supplement) the bonds on the Euro MTF Market of the
Luxembourg Stock Exchange in accordance with the rules of the
Luxembourg Stock Exchange. In certain circumstances, we may cease
to maintain such listing and agree to use our reasonable efforts to obtain
an alternative listing. See "General Information -- No Obligation to
Maintain Listing".

Status
The bonds will constitute our direct unconditional obligations and as
such will carry the full faith and credit of Canada and will constitute
direct unconditional obligations of and by Canada.

Form and Settlement
We will issue the bonds in the form of one or more fully registered
global bonds registered in the name of Cede & Co., as nominee of The
Depository Trust Company ("DTC") and will record the global bonds in
a register held by Citibank, N.A., as Registrar. You may hold a
beneficial interest in a global bond through DTC, CDS Clearing and
Depository Services Inc. ("CDS"), Clearstream Banking, société
anonyme ("Clearstream, Luxembourg") or Euroclear Bank S.A./N.V.
("Euroclear") directly as a participant in one of those systems or
indirectly through organizations which are participants in any of those
systems.

As an owner of a beneficial interest in a global bond, you will generally
not be entitled to have bonds registered in your name, will not be
entitled to receive certificates in your name evidencing the bonds and
will not be considered the holder of any bonds under the Fiscal Agency
Agreement.

We will issue the bonds only in denominations of U.S. $5,000 and
integral multiples of U.S. $5,000.

Withholding Tax
We will make payments of principal and interest in respect of the bonds
without withholding or deducting for Canadian withholding tax as set
forth in "Tax Matters -- Canadian Federal Income Tax Consequences"
and in "Description of the Debt Securities -- Payment of Additional
Amounts" in the accompanying basic prospectus.
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DESCRIPTION OF BONDS

General

The 2.250% United States Dollar Bonds due May 28, 2015 in the initial aggregate principal
amount of U.S. $1,000,000,000 will be issued subject to a fiscal and paying agency agreement to be
dated as of May 28, 2010 (the "Fiscal Agency Agreement") between EDC and Citibank, N.A., as
fiscal agent, transfer agent, registrar and principal paying agent (the "Registrar").

The terms and conditions of the bonds are summarized below and are subject to the detailed
provisions of the Fiscal Agency Agreement and the exhibits thereto, including the form of global
bond, a copy of which will be incorporated by reference as an exhibit to registration statement no.
333-162531 and will be available for inspection at the offices of The Bank of New York
(Luxembourg) S.A. in Luxembourg. The bonds and the Fiscal Agency Agreement together constitute a
contract, all of the terms and conditions of which the registered holder, by acceptance of the bonds,
assents to and is deemed to have notice of. Additional terms of the bonds are described in the
accompanying basic prospectus under the heading "Description of the Debt Securities".

References to principal and interest in respect of the bonds shall be deemed also to refer to any
Additional Amounts which may be payable. See "Description of the Debt Securities -- Payment of
Additional Amounts" in the accompanying basic prospectus.

Status of the Bonds

The bonds will constitute direct unconditional obligations of EDC and as such will carry the full
faith and credit of Canada and will constitute direct unconditional obligations of and by Canada.
Payments of the principal of and interest on the bonds will constitute a charge on and be payable out
of the Consolidated Revenue Fund of Canada. The obligations of EDC under the bonds rank equally
with all of EDC's other unsecured and unsubordinated indebtedness and obligations from time to time
outstanding.

Form, Denomination and Registration

The bonds will be issued in the form of one or more fully registered global bonds registered in the
name of Cede & Co., as nominee of DTC. Beneficial interests in the global bonds will be represented
through book-entry accounts of financial institutions acting on behalf of beneficial owners as direct
and indirect participants in DTC. Investors may elect to hold interests in the global bonds directly
through any of DTC (in the United States), CDS (in Canada) or Clearstream, Luxembourg or
Euroclear (in Europe) if they are participants in such systems, or indirectly through organizations
which are participants in such systems. CDS will hold interests on behalf of its participants directly
through its account at DTC and Clearstream, Luxembourg and Euroclear will hold interests on behalf
of their participants through customers' securities accounts in their respective names on the books of
their respective depositaries (the "U.S. Depositaries"), which in turn will hold such interests in
customers' securities accounts in the names of the U.S. Depositaries on the books of DTC. Except in
the limited circumstances described herein, owners of beneficial interests in the global bonds will not
be entitled to have bonds registered in their names, will not receive or be entitled to receive physical
delivery of bonds in definitive form and will not be considered owners or holders thereof under the
Fiscal Agency Agreement. See "Title" and "Definitive Certificates".

Bonds will only be sold in minimum denominations of U.S. $5,000 and integral multiples of U.S.
$5,000.

All bonds will be recorded in a register maintained by the Registrar, and will be registered in the
name of Cede & Co., for the benefit of owners of beneficial interests in the global bonds, including
participants in DTC, CDS, Clearstream, Luxembourg and Euroclear.

The Registrar will be responsible for (i) maintaining a record of the aggregate holdings of the
global bonds of Cede & Co.; (ii) ensuring that payments of principal and interest in respect of the
global bonds received by the Registrar from EDC are duly credited to Cede & Co.; and
(iii) transmitting to EDC any notices from the registered holders of bonds.
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The Registrar will not impose any fees in respect of the bonds, other than reasonable fees for the
replacement of lost, stolen, mutilated or destroyed bonds. However, owners of beneficial interests in
the global bonds may incur fees payable in respect of the maintenance and operation of the book-entry
accounts in which such interests are held with the clearing systems.

Title

Subject to applicable law and the terms of the Fiscal Agency Agreement, EDC and the Registrar
will treat the persons in whose name a global bond is registered, initially Cede & Co., as nominee for
DTC, as the owner of such global bond for the purpose of receiving payments of principal and interest
on the bonds and for all other purposes whatsoever, except in respect of the payment of Additional
Amounts. Therefore, neither EDC nor the Registrar has any direct responsibility or liability for the
payment of principal or interest on the bonds to owners of beneficial interests in a global bond.

Interest

The bonds will bear interest from May 28, 2010 at a rate of 2.250% per annum. Interest on the
bonds will be payable in two equal semi-annual installments in arrears on May 28 and November 28
of each year, commencing November 28, 2010. Interest will be payable to the persons in whose names
the bonds are registered at the close of business on May 13 or November 13 (the regular record dates),
as the case may be, preceding the applicable interest payment date. Interest on the bonds will cease to
accrue on the date fixed for redemption or repayment unless payment of principal is improperly
withheld or refused. Any overdue principal or interest on the bonds shall bear interest at the rate of
2.250% per annum (before as well as after judgment) until paid, or if earlier, when the full amount of
the moneys payable has been received by the Registrar and notice to that effect has been given in
accordance with "Notices" below.

Whenever it is necessary to compute any amount of accrued interest in respect of the bonds for a
period of less than one full year, other than with respect to regular semi-annual interest payments, such
interest shall be calculated on the basis of a 360-day year consisting of 12 thirty-day months.

Payments

Principal of and interest on the bonds (including bonds in definitive form issued in exchange for
the global bond as described under "Definitive Certificates") are payable by EDC in United States
dollars to the persons in whose names the bonds are registered on the record date preceding any
interest payment date or at maturity, as the case may be. The Registrar will act as EDC's principal
paying agent for the bonds pursuant to the Fiscal Agency Agreement. In the event definitive bonds are
issued, EDC will appoint and maintain a transfer and paying agent in Luxembourg as further described
under "Definitive Certificates" and will maintain a paying agent in a member state ("Member State")
of the European Union (if any) that will not be obligated to withhold or deduct tax pursuant to the
European Council Directive 2003/48/EC or any law implementing or complying with, or introduced in
order to conform to, such directive (the "Savings Directive"). Ownership positions within each
clearing system will be determined in accordance with the normal conventions observed by such
system. Neither EDC nor the Registrar will have any responsibility or liability for any aspect of the
records of DTC, CDS, Clearstream, Luxembourg or Euroclear relating to or payments made by such
clearing systems on account of beneficial interests in a global bond or for maintaining, supervising or
reviewing any records of such clearing systems relating to such beneficial interests.

If any date for payment in respect of any bond is not a business day, the holder thereof shall not be
entitled to payment until the next following business day, and no further interest shall be paid in
respect of the delay in such payment. In this paragraph "business day" means a day on which banking
institutions in the City of New York, the City of London, England, the City of Toronto or in the
applicable place of payment are not authorized or obligated by law or executive order to be closed.

All funds held by the Registrar or any paying agent for payment of principal or interest and any
Additional Amounts shall be held in trust for the registered holders of bonds. Any such moneys
remaining unclaimed at the end
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