Milbank Represents the Government of Canada in $3 Billion Public Offering of 0.875% United States Dollar Bonds Due 2017

NEW YORK, February 15, 2012 – International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Robert W. Mullen, Jr., acted as U.S. counsel in a $3 billion offering by the Government of Canada of its 0.875% United States Dollar Bonds due in 2017.  The bonds were purchased by a group of twelve underwriters, for whom Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and RBC Capital Markets, LLC acted as representatives.  The offering raised net proceeds of approximately $2.99 billion.

“Milbank is honored to act as U.S. Counsel to Canada and to be in a position to assist Canada in the closing of this transaction,” said Mr. Mullen.

Canada is one of the few countries still rated triple-A by all three major credit-ratings firms.

Other Milbank attorneys involved in this transaction included tax partner Andrew Walker, securities associates Jeremy Steckel and Jenny Zhou, and tax associate Jonathan Grossberg.

Davis Polk & Wardwell LLP acted as U.S. counsel to the underwriters, led by partner Alan Dean, counsel Jean Weng and associate Meghan Maloney, and Stikeman Elliott LLP acted as Canadian counsel to the underwriters, led by partners James C. Davis and Sherry L. Roth and associate Viviana Beltrametti Walker.  The Department of Justice of Canada acted as Canadian counsel to Canada.

About Milbank

Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm providing innovative legal solutions to clients throughout the world for more than 140 years.  Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Singapore, Tokyo and Washington, DC.

The firm’s lawyers provide a full range of legal services to the world’s leading commercial, financial and industrial enterprises, as well as to institutions, individuals and governments.  Milbank’s lawyers meet the needs of our clients by offering a highly integrated and collaborative range of services across key practice groups throughout our global network.  Milbank’s integrated practice is underpinned by our attorneys’ acknowledged technical excellence, sectoral expertise and a strong tradition of innovation and client service.

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