The US$500 million issue with a 2.75 per cent coupon is due December 12, 2005. The issue was priced at US$ 99.829 and is being driven by investor demand for an issue in the three year term.

Joint-lead managers and joint-bookrunners are RBC Capital Markets and Salomon Smith Barney. Co-managers are Deutsche Bank Securities, CIBC World Markets, BMO Nesbitt Burns, Scotia Capital, TD Securities, BNP Paribas, Mizuho International plc, and NBC International (USA) Inc.

The issue was well received by the market, with the majority of the bonds placed within one hour of launch. Fifty per cent of the issue was placed in U.S. accounts, 25 per cent in Europe, and 25 per cent in Asia, all in line with expectations.

"The new issue was a part of EDC's funding strategy to create value for investors by matching our funding program with the requirements of global investors," says EDC vice-president and treasurer, Marie MacDougall. "This transaction enables EDC to respond to the needs of Canada's exporting community."

EDC provides trade finance and risk management services to Canadian exporters and investors in up to 200 markets. Founded in 1944, EDC is a Crown corporation that operates as a commercial financial institution.

For more information , please contact: Daniela Pizzuto, EDC Media Relations

or

Nancy Kyte
EDC Investor Relations
Tel: (613) 598-3522
email: nkyte@edc.ca