# Buggy code
async def _do_execute(self, query, executor, timeout, retry=True):
    if timeout is None:
        stmt = await self._get_statement(query, None)
    else:
        before = time.monotonic()
        stmt = await self._get_statement(query, timeout)
        after = time.monotonic()
        timeout -= after - before
        before = after

    try:
        if timeout is None:
            result = await executor(stmt, None)
        else:
            try:
                result = await executor(stmt, timeout)
            finally:
                after = time.monotonic()
                timeout -= after - before

    except exceptions.InvalidCachedStatementError as e:
        # PostgreSQL will raise an exception when it detects
        # that the result type of the query has changed from
        # when the statement was prepared.  This may happen,
        # for example, after an ALTER TABLE or SET search_path.
        #
        # When this happens, and there is no transaction running,
        # we can simply re-prepare the statement and try once
        # again.  We deliberately retry only once as this is
        # supposed to be a rare occurrence.
        #
        # If the transaction _is_ running, this error will put it
        # into an error state, and we have no choice but to
        # re-raise the exception.
        #
        # In either case we clear the statement cache for this
        # connection and all other connections of the pool this
        # connection belongs to (if any).
        #
        # See https://github.com/MagicStack/asyncpg/issues/72
        # and https://github.com/MagicStack/asyncpg/issues/76
        # for discussion.
        #
        self._drop_global_statement_cache()
        if self._protocol.is_in_transaction() or not retry:
            raise
        else:
            result = await self._do_execute(query, executor, timeout, retry=False)

    return result


# Traceback (InvalidSQLStatementNameError)
In [1]: import os, asyncpg, asyncio

In [2]: loop = asyncio.get_event_loop()

In [3]: conn = loop.run_until_complete(asyncpg.connect(
...:     host = 'pgaas.mail.yandex.net',
...:     port = 12000,
...:     user = 'statinfra_api',
...:     database = 'statinfra_api_beta',
...:     password=os.environ['DB_PASSWORD'],
...:     ssl=True,
...:     statement_cache_size=0
...: ))

In [4]: loop.run_until_complete(conn.fetch('SELECT * FROM tasks'))
---------------------------------------------------------------------------
InvalidSQLStatementNameError              Traceback (most recent call last)
<ipython-input-5-8a44237acb87> in <module>()
----> 1 loop.run_until_complete(conn.fetch('SELECT * FROM tasks'))

/usr/lib/python3.6/asyncio/base_events.py in run_until_complete(self, future)
465             raise RuntimeError('Event loop stopped before Future completed.')
466
--> 467         return future.result()
468
469     def stop(self):

~/.virtualenvs/statbox-abt-backend/lib/python3.6/site-packages/asyncpg/connection.py in fetch(self, query, timeout, *args)
339         """
340         self._check_open()
--> 341         return await self._execute(query, args, 0, timeout)
342
343     async def fetchval(self, query, *args, column=0, timeout=None):

~/.virtualenvs/statbox-abt-backend/lib/python3.6/site-packages/asyncpg/connection.py in _execute(self, query, args, limit, timeout, return_status)
1186         timeout = self._protocol._get_timeout(timeout)
1187         with self._stmt_exclusive_section:
-> 1188             return await self._do_execute(query, executor, timeout)
1189
1190     async def _executemany(self, query, args, timeout):

~/.virtualenvs/statbox-abt-backend/lib/python3.6/site-packages/asyncpg/connection.py in _do_execute(self, query, executor, timeout, retry)
1197     async def _do_execute(self, query, executor, timeout, retry=True):
1198         if timeout is None:
-> 1199             stmt = await self._get_statement(query, None)
1200         else:
1201             before = time.monotonic()

~/.virtualenvs/statbox-abt-backend/lib/python3.6/site-packages/asyncpg/connection.py in _get_statement(self, query, timeout, named)
290                 self._types_stmt = await self.prepare(self._intro_query)
291
--> 292             types = await self._types_stmt.fetch(list(ready))
293             self._protocol.get_settings().register_data_types(types)
294

~/.virtualenvs/statbox-abt-backend/lib/python3.6/site-packages/asyncpg/prepared_stmt.py in fetch(self, timeout, *args)
155         :return: A list of :class:`Record` instances.
156         """
--> 157         data = await self.__bind_execute(args, 0, timeout)
158         return data
159

~/.virtualenvs/statbox-abt-backend/lib/python3.6/site-packages/asyncpg/prepared_stmt.py in __bind_execute(self, args, limit, timeout)
194         protocol = self._connection._protocol
195         data, status, _ = await protocol.bind_execute(
--> 196             self._state, args, '', limit, True, timeout)
197         self._last_status = status
198         return data

~/.virtualenvs/statbox-abt-backend/lib/python3.6/site-packages/asyncpg/protocol/protocol.pyx in bind_execute (asyncpg/protocol/protocol.c:66799)()

InvalidSQLStatementNameError: prepared statement "__asyncpg_stmt_1__" does not exist

# Fixed code
async def _do_execute(self, query, executor, timeout, retry=True):
    if timeout is None:
        stmt = await self._get_statement(query, None)
    else:
        before = time.monotonic()
        stmt = await self._get_statement(query, timeout)
        after = time.monotonic()
        timeout -= after - before
        before = after

    try:
        if timeout is None:
            result = await executor(stmt, None)
        else:
            try:
                result = await executor(stmt, timeout)
            finally:
                after = time.monotonic()
                timeout -= after - before

    except exceptions.InvalidCachedStatementError as e:
        # PostgreSQL will raise an exception when it detects
        # that the result type of the query has changed from
        # when the statement was prepared.  This may happen,
        # for example, after an ALTER TABLE or SET search_path.
        #
        # When this happens, and there is no transaction running,
        # we can simply re-prepare the statement and try once
        # again.  We deliberately retry only once as this is
        # supposed to be a rare occurrence.
        #
        # If the transaction _is_ running, this error will put it
        # into an error state, and we have no choice but to
        # re-raise the exception.
        #
        # In either case we clear the statement cache for this
        # connection and all other connections of the pool this
        # connection belongs to (if any).
        #
        # See https://github.com/MagicStack/asyncpg/issues/72
        # and https://github.com/MagicStack/asyncpg/issues/76
        # for discussion.
        #
        self._drop_global_statement_cache()
        if self._protocol.is_in_transaction() or not retry:
            raise
        else:
            return await self._do_execute(query, executor, timeout, retry=False)

    return result, stmt