Obligation Canada Export Development 20% ( XS2326624926 ) en TRY

Canada Export Development

100 % ▲

Canada

XS2326624926 ( en TRY )

20% par an ( paiement annuel )

08/04/2022 - Obligation échue

Prospectus brochure de l'obligation Export Development Canada XS2326624926 en TRY 20%, échue

1 500 000 TRY

1 000 000 000 TRY

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 TRY, avec le code ISIN XS2326624926, paye un coupon de 20% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 08/04/2022

UK MiFIR product governance / Professional investors and ECPs only target market - Solely for the
purposes of the manufacturer's product approval process, the target market assessment in respect of the
Instruments has led to the conclusion that: (i) the target market for the Instruments is only eligible
counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook, and professional clients,
as defined in Regulation (EU) No. 600/2014 as it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("UK MiFIR"); and (ii) all channels for distribution of the Instruments to eligible
counterparties and professional clients are appropriate. Any person subsequently offering, selling or
recommending the Instruments (a "distributor") should take into consideration the manufacturer's target
market assessment; however, a distributor subject to the FCA Handbook Product Intervention and Product
Governance Sourcebook (the "UK MiFIR Product Governance Rules") is responsible for undertaking its
own target market assessment in respect of the Instruments (by either adopting or refining the
manufacturer's target market assessment) and determining appropriate distribution channels.
NOTIFICATION UNDER SECTION 309B(1)(C) OF THE SECURITIES AND FUTURES ACT (CHAPTER
289) OF SINGAPORE (as modified or amended from time to time, the "SFA") - The Instruments are
prescribed capital markets products (as defined in the Securities and Futures (Capital Markets Products)
Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on
the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment
Products).

Pricing Supplement dated 13 April 2021
EXPORT DEVELOPMENT CANADA
Legal Entity Identifier ("LEI"): Z6MHCSLXHKYG4B6PHW02
Issue of TRY500,000,000 20.00 per cent. Instruments due 8 April 2022 (the "Instruments") (to be
consolidated and form a single series with the TRY500,000,000 20.00 per cent. Instruments due 8
April 2022 issued on 8 April 2021 (the "Series 21-10 Instruments"))

under the USD30,000,000,000 Programme for the Issuance of Debt Instruments
IMPORTANT NOTICE
The Offering Memorandum referred to below (as completed by this Pricing Supplement) has been prepared
on the basis that any offer of Instruments in any Member State of the European Economic Area or in the
UK (each a "Relevant State") will be made pursuant to an exemption under Regulation (EU) 2017/1129
(the "Prospectus Regulation") and the Prospectus Regulation as it forms part of domestic law in the United
Kingdom by virtue of the European Union (Withdrawal) Act 2018 (the "EUWA") (the "UK Prospectus
Regulation"), from the requirement to publish a prospectus for offers of the Instruments and in compliance
with any other applicable laws and regulations.
The Offering Memorandum does not constitute a base prospectus for the purposes of the
Prospectus Regulation or the UK Prospectus Regulation. References herein to the Prospectus
Regulation include the UK Prospectus Regulation.

- 2 -
PART A CONTRACTUAL TERMS
Any person making or intending to make an offer in that Relevant State of the Instruments may only
do so in circumstances in which no obligation arises for the Issuer or any Dealer to publish a
prospectus pursuant to Article 3 of the Prospectus Regulation or the FSMA or supplement a
prospectus pursuant to Article 23 of the Prospectus Regulation, in relation to such offer. Neither
the Issuer nor any Dealer has authorised, nor do they authorise, the making of any offer of
Instruments in any other circumstances.
The Issuer does not consent to the Offering Memorandum or this Pricing Supplement being used in relation
to offers of the Instruments in a Relevant State, other than offers to persons who are qualified investors
within the meaning of the Prospectus Regulation ("qualified investors"). Offers of the Instruments in a
Relevant State may be made only to persons who are qualified investors.
Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions
(the "Conditions") set forth in the Offering Memorandum dated December 17, 2020 including all documents
incorporated by reference (the "Offering Memorandum"). This document constitutes the final terms of the
Instruments described herein and must be read in conjunction with the Offering Memorandum. Full
information on the Issuer and the offer of the Instruments described herein is only available on the basis of
the combination of this Pricing Supplement and the Offering Memorandum. The Offering Memorandum is
available for viewing during normal business hours at and copies may be obtained from the offices of the
Issuer, Export Development Canada, 150 Slater Street, Ottawa, Ontario, Canada K1A 1K3.

1.
Issuer:
Export Development Canada
2.
(i)
Series Number:
21-10

(ii)
Tranche Number:
2

(iii)
Date on which the Instruments The Instruments shall be consolidated and form a single
will be consolidated and form a Series and be interchangeable for trading purposes with
single Series:
the Series 21-10 Instruments on the Issue Date.
3.
Specified Currency or Currencies
Turkish Lira ("TRY")
4.
Aggregate Nominal Amount:

(i)
Series:
TRY1,000,000,000

(ii)
Tranche:
TRY500,000,000
5.
Issue Price:
98.0986 per cent. of the Aggregate Nominal Amount
plus accrued interest from and including 8 April 2021 to
but excluding 16 April 2021 being 8 days
6.
(i)
Specified Denomination(s):
TRY1,500,000 and integral multiples of TRY10,000

(ii)
Calculation Amount:
TRY10,000
7.
(i)
Issue Date:
16 April 2021

(ii)
Interest Commencement Date:
8 April 2021

- 3 -
8.
Maturity Date:
8 April 2022
9.
Interest Basis:
20.00 per cent. Fixed Rate
(further particulars specified below)
10.
Redemption Basis:
Subject to any purchase and cancellation or early
redemption in accordance with the Conditions, the
Instruments will be redeemed on the Maturity Date at the
Final Redemption Amount
(further particulars specified below)
11.
Change of Interest Basis or
Not Applicable
Redemption/Payment Basis:
12.
Put/Call Options:
Not Applicable
13.
Status of the Instruments
Unsecured, Unsubordinated
14.
Effective date of the Board approval for
issuance of Instruments (the
2 April 2020
"Borrowing Resolution"):
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Instrument Provisions
Applicable

(i)
Rate(s) of Interest:
20.00 per cent. per annum payable on the Maturity Date

(ii)
Interest Payment Date(s):
The Maturity Date, adjusted for payment purposes only in
accordance with the Following Business Day Convention
where the Additional Business Centres are London, New
York, and Istanbul

(iii)
Day Count Fraction:
Actual/Actual (ICMA)

(iv)
Fixed Coupon Amount(s):
TRY2,000 per Calculation Amount payable on the
Maturity Date
(applicable
to
Instruments
in
definitive form only)
See Condition 4A.03 and 4G.05 for provisions
relating to calculation of interest and rounding.

(v)
Broken Amount(s):
Not Applicable
(applicable
to
Instruments
in See Condition 4A.03 and 4G.05 for provisions
definitive form only)
relating to calculation of interest and rounding.

(vi)
Other terms relating to the Not Applicable
method of calculating interest
for Fixed Rate Instruments:
16.
Floating Rate Instrument Provisions
Not Applicable

- 4 -
17.
Zero Coupon Instrument Provisions
Not Applicable
18.
Variable Interest Provisions
Not Applicable
19.
Payment in Currency other than the
Not Applicable
Specified Currency:
PROVISIONS RELATING TO REDEMPTION
20.
Call Option
Not Applicable
21.
Put Option
Not Applicable
22.
Final Redemption Amount of each Redemption at par
Instrument
23.
Early Redemption Amount
TRY10,000 per Calculation Amount
Early
Redemption
Amount(s)
per
Calculation
Amount
payable
on
redemption for taxation reasons or on
event
of
default
or
other
early
redemption (if different from that set out
in the Conditions):
GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS
24.
Form of Instruments:
Registered Instruments:
Global Registered Instrument registered in the name of a
nominee for a common depositary for Euroclear and
Clearstream, Luxembourg
25.
New Safekeeping Structure:
No
26.
Additional Financial Centre(s):
London, New York and Istanbul
27.
Talons for future Coupons to be attached No
to Definitive Instruments (and dates on
which such Talons mature):
28.
Other final terms or special conditions:
Not Applicable

PROVISIONS RELATING TO RMB
Not Applicable
DENOMINATED INSTRUMENTS:

This Pricing Supplement comprises the final terms required for issue of the Instruments described herein
pursuant to the USD30,000,000,000 Programme for the Issuance of Debt Instruments of the Issuer.

- 5 -
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in this Pricing Supplement.
Signed on behalf of the Issuer:
By:
............................................

Duly authorised

- 6 -
PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING

Application will be made by the Issuer (or on its behalf) for the Instruments to be admitted to
trading on the Euro MTF Market of the Luxembourg Stock Exchange with effect from 16 April
2021
2.
RATINGS

The Instruments are expected to be assigned the following ratings:
AAA by S&P Global Ratings ("S&P")
Aaa by Moody's Investors Service Ltd. ("Moody's").
A rating is not a recommendation to buy, sell or hold the Instruments and may be subject to
suspension, change or withdrawal at any time by the assigning rating agency.
3.
OPERATIONAL INFORMATION

(i)
ISIN Code:
XS2326624926

(ii)
Common Code:
232662492

(iii)
CFI:
DTFNFR as updated, as set out on the
website of the Association of National
Numbering Agencies (ANNA) or alternatively
sourced from the responsible National
Numbering Agency that assigned the ISIN

(iv)
FISN:
EXPORT DEVELOPM/25EMTN 20220408 as
updated, as set out on the website of the
Association of National Numbering Agencies
(ANNA) or alternatively sourced from the
responsible National Numbering Agency that
assigned the ISIN

(v)
Any clearing system(s) other than Not Applicable
Euroclear
Bank
SA/NV
and
Clearstream Banking S.A. and the
relevant identification number(s):

(vi)
Delivery:
Delivery against payment

(vii)
Names and addresses of additional Not Applicable
Paying Agent(s)/ Transfer Agent(s)
/Registrar/ Exchange Agent(s) (if any):

- 7 -

(viii)
Intended to be held in a manner that No. While the designation is specified as "no" at
would allow Eurosystem eligibility:
the date of this Pricing Supplement, should the
Eurosystem eligibility criteria be amended in the
future such that the Instruments are capable of
meeting them the Instruments may then be
deposited with one of the ICSDs as common
safekeeper (and registered in the name of a
nominee of one of the ICSDs acting as common
safekeeper). Note that this does not necessarily
mean that the Instruments will then be
recognised as eligible collateral for Eurosystem
monetary policy and intraday credit operations
by the Eurosystem at any time during their life.
Such recognition will depend upon the ECB
being satisfied that Eurosystem eligibility
criteria have been met.
4.
DISTRIBUTION

Method of distribution:
Non-syndicated

(i)
Name and address of Relevant Goldman Sachs International
Dealer:
Plumtree Court, 25 Shoe Lane
London EC4A 4AU
United Kingdom

(ii)
Stabilising Manager(s) (if any):
Not Applicable

(iii)
U.S. Selling Restrictions:
Reg. S Compliance Category 2 TEFRA Not
Applicable

(iv)
Prohibition of Sales to EEA and UK Not Applicable
Retail Investors:

(v)
Additional Selling Restrictions:
Not Applicable
5.
USE OF PROCEEDS

The net proceeds of the issue of the Instruments will be used by the Issuer in furtherance of its
corporate purposes.