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News May 21, 2015

Shearman & Sterling Advises on Province of Ontario's $2 Billion Bond Offering

Shearman & Sterling represented the Province of Ontario (“Ontario”) in connection with Ontario’s public offering of US$2,000,000,000 of its 1.875% Bonds due May 21, 2020 (the “Bonds”). Application has been made to the Luxembourg Stock Exchange (“LSE”) for the Bonds to be admitted to trading on the Euro MTF Market of the LSE.

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

The following Shearman & Sterling team advised Ontario in the transaction: partners Jason Lehner (Toronto/New York-Capital Markets) and Larry Crouch (Menlo Park-Tax); counsel Kevin Roggow (Toronto-Capital Markets) and Simon Letherman (London-Tax); associates Elizabeth Emerson (London-Tax), Drew Valentine (New York-Capital Markets), and Heather Pals (New York-Corporate); and trainee Lois Howarth (London-Tax).