Existing Indebtedness

Commercial Paper Program

In November 2004, the Ontario Strategic Infrastructure Financing Authority (now Infrastructure Ontario) commenced issuing notes under a Commercial Paper program. The program is administered by the Ontario Financing Authority (OFA) and is authorized to issue a maximum of $750 million for terms of up to one year. The notes rank equally with Infrastructure Renewal Bonds.

Long Term Debt

Bonds Outstanding
Issue	Amount	Term	Maturity Date (m/d/y)	Interest Rate	Interest Payment	Summary of Offering
IRB 2005-A1	$650,000,000.00	10 yrs	06/01/2015	Fixed 4.60% p.a.	Semi-annual	Terms
IRB 2007-A1	$300,000,000.00	30 yrs	06/01/2037	Fixed 4.70% p.a	Semi-annual	Terms
IRB 2008-A1	$300,000,000.00	5 yrs	06/03/2013	Fixed 3.95% p.a	Semi-annual	Terms
TOTAL	$1,250,000,000.00

Ontario Opportunity Bonds (OOB) - Matured May 6, 2008

The Ontario Opportunity Bonds issued on May 6, 2003 matured on May 6, 2008. Payments to investors were made directly into the same account where interest was paid to the investor.

For ongoing inquiries regarding the payment of interest and principal, please contact CIBC Mellon at 1-800-387-0825.

For ongoing inquiries regarding tax refunds related to interest paid on the Ontario Opportunity Bonds, please contact the Revenue Division of the Province of Ontario at 905-433-5960.

We would like to thank all investors for their support of the OSIFA loan program of Infrastructure Ontario.

Infrastructure Renewal Bonds (IRB)

Infrastructure Ontario issues Infrastructure Renewal Bonds to finance the long term portion of its ongoing loan program. Infrastructure Renewal Bonds can be located on Bloomberg under the ticker symbol ‘OIPC’ or the description of ‘Infrastructure Ontario’. Infrastructure Renewal Bonds are a senior unsecured obligation of Infrastructure Ontario and rank equally with all other series of Infrastructure Renewal Bonds and Ontario Opportunity Bonds.

Subordinated Loans

Under the authority of the former Ontario Strategic Infrastructure Financing Authority Act, OSIFA (now Infrastructure Ontario) was provided with $1 billion through a subordinated 50-year loan from the Province of Ontario with repayment of principal due on March 31, 2053 and with an additional $120 million through a subordinated 20-year loan from the Ontario Clean Water Agency (OCWA) with repayment of principal due on March 1, 2023.

Lines of Credit

Infrastructure Ontario maintains lines of credit with Canadian chartered banks to facilitate clearing and settlement and also maintains a revolving line of credit with the OFA to fund expenses related to assigned AFP projects. These facilities are managed to a minimum on a day to day basis.

The revolving line of credit with the OFA is subordinated to the senior unsecured obligations of Infrastructure Ontario. Repayment is made from recoveries of project costs from project sponsors.