$625 Million of Senior Medium Term Notes Issued by 407 International Inc.



    TORONTO, Oct. 1 /CNW/ - 407 International Inc. announced today that it
has agreed to issue $625 million principal amount of 4.90% Senior Notes,
Series 07-A2, due October 4, 2010, through its $1.8 billion Medium-Term Notes
program in an agency deal with a syndicate led by BMO Nesbitt Burns Inc. The
syndicate also includes RBC Dominion Securities Inc., Scotia Capital Inc., TD
Securities Inc., CIBC World Markets Inc. and Casgrain & Company Limited. The
distribution of Series 07-A2 Senior Notes is scheduled to close on or about
October 4, 2007.
    Net proceeds of approximately $583.1 million, after paying the costs of
issuance and funding of the series reserve, will be used primarily to repay
the $150 million principal amount of Senior Floating Rate Notes, Series 06-A2,
maturing on November 23, 2007, and $430 million principal amount of Senior
Bonds, Series 00-A3, maturing on December 17, 2007.
    407 International Inc. is the sole shareholder, operator and manager of
407 ETR, which extends 108 kilometres east-west, just north of Toronto. 407
International Inc. is owned by a consortium comprised of Cintra Concesiones de
Infraestructuras de Transporte, Macquarie Infrastructure Group and
SNC-Lavalin.





For further information:

For further information: Investors: Kenneth A. Walker, Chief Financial
Officer, Tel: (905) 265-4070; Media: Dale A. Albers, Manager, Public
Relations, Tel: (905) 264-5221


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