CMHC tightens five year CMBs to pre-crisis level

Canada Mortgage and Housing Corp issued a landmark C$6bn five year Canada Mortgage Bonds (CMB) this week. Joint leads CIBC World Markets, Bank of America Merrill Lynch, BMO Capital Markets and RBC Capital Markets priced the offering at 18bp over the June 2015 government bond, the tightest level on a five year fixed rate CMB since September 2007.

  • 19 Mar 2010

"Canadian fundamentals are very strong relative to other global economies," said Mark Chamie, treasurer at CMHC. "International investors have taken notice of this, allowing us to price at the tightest level since September 2007. This allows for even greater cost-effective funding for mortgage originators in Canada."

Foreign investors bought ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 35,941.13 111 8.93%
2 Barclays 31,588.47 86 7.85%
3 JPMorgan 27,799.55 107 6.91%
4 Bank of America Merrill Lynch 27,706.86 75 6.88%
5 HSBC 21,949.38 82 5.45%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%