Davis Polk advised the underwriters in connection with the offering of C$950 million aggregate principal amount of 2.65% bonds due February 5, 2025, issued by the Province of Ontario. The bonds are a reopening of bonds issued on February 5, 2018. The net proceeds of the bonds will be used for eligible projects with an emphasis on clean transportation and energy efficiency and conservation.

The Davis Polk capital markets team included partner Deanna L. Kirkpatrick, counsel Jeffrey S. Ramsay and associate Carrie Guo. The tax team included partner William A. Curran and associate Catherine L. Chu. All members of the Davis Polk team are based in the New York office.

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