Province of Ontario’s $1.0 Billion Bond Offering

Shearman & Sterling represented the Province of Ontario in the offering. Davis Polk advised the underwriters on the offering.

The Province of Ontario executed its public offering of $1.0 billion of its 1.800 percent Bonds due October 14, 2031. Application has been made to the Luxembourg Stock Exchange for the Bonds to be admitted to trading on the Euro MTF Market of the LSE.

BMO Capital Markets Corp., Deutsche Bank AG, Goldman Sachs International and RBC Capital Markets were the underwriters on the offering.

Ontario is the largest Canadian province by population and home to both the nation’s capital and most populous city.

The Shearman & Sterling team included partner Jason Lehner (Picture), partner Larry Crouch, asscociate Ekaterina Bogdanov and associate Daniel Kachma.

The Davis Polk capital markets team included partner Deanna L. Kirkpatrick, counsel Jeffrey S. Ramsay and associates Ariel Rivera and Amber Leary. The tax team included partner William A. Curran and associate Daniel L. Jose.

Involved fees earner: William Curran – Davis Polk & WardwellDaniel Jose – Davis Polk & WardwellDeanna Kirkpatrick – Davis Polk & WardwellAmber Leary – Davis Polk & WardwellJeffrey Ramsay – Davis Polk & WardwellAriel Rivera – Davis Polk & WardwellEkaterina Bogdanov – Shearman & SterlingLarry Crouch – Shearman & SterlingDaniel Kachmar – Shearman & SterlingJason Lehner – Shearman & Sterling;

Law Firms: Davis Polk & WardwellShearman & Sterling;

Clients: BMO Capital MarketsDeutsche Bank AG London branchGoldman Sachs InternationalProvince of OntarioRBC Capital Markets;