Davis Polk advised underwriters represented by CIBC World Markets Inc., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc. and RBC Dominion Securities Inc. in connection with the offering of C$500 million aggregate principal amount of 1.75% bonds due October 9, 2018, issued by the Province of Ontario. The net proceeds of the bonds will be used for special environmental projects. This is the inaugural green bonds offering for the Province of Ontario.

The Davis Polk capital markets team included partner Deanna L. Kirkpatrick and associates Alain Kuyumjian and Milson C. Yu. The tax team included partner Harry Ballan and associate Anthony L. Oliva. All members of the Davis Polk team are based in the New York office.