Disney shows Maple is no Mickey Mouse market
Walt Disney joined the swell of blue chips entering the Maple market, selling C$1.25bn ($1bn) of seven year notes on Wednesday. Maple bonds, a suburb of niche currency markets for years, is becoming a hotbed for blue chips in search of diversification, writes Silas Brown.
Maple bonds — Canadian dollar bonds from overseas issuers sold within Canada— are, for the first time, the talk among corporate treasurers.
Since the financial crisis, one could expect C$3bn-C$5bn worth of Canadian dollar notes to be sold
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