Ontario tests guidance for euroyen bond
The Province of Ontario approached bond investors with price guidance for a ¥50bn ($558.5m) euroyen deal on Tuesday in the latest example of the resilience of Japan’s bond investors to wider market turmoil.
Bank of America Merrill Lynch, Credit Suisse and Mitsubishi UFJ approached investors with price guidance for the five and 10 year bonds, which Ontario hopes will raise it a combined ¥50bn.
The issuer wants to price the five year bond between 20bp and 25bp over swaps, and the 10
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