ABN Amro’s Canadian dip
ABN Amro sold a five year Canadian dollar note on Monday afternoon, continuing a lively start to the year in niche currencies by the Dutch bank. ANZ and TD Securities priced the C$100m ($101.47m) 2.75% January 2018 notes at 95bp over mid-swaps, in line with guidance in the 95bp area.
ABN Amro has no debt outstanding in Canadian dollars. The deal was brought to take advantage of favourable cost of funding in comparison to euros.
"Its being issued in EMTN, rather than Maple, format, meaning its an arbitrage play that will likely be swapped back into euros," said a
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