EDC makes splash with sterling floater
Export Development Canada (EDC) sold a five year sterling floater on Thursday, raising £750m with its largest deal ever in the currency and, in an unusual development for the sterling market, pulled in its spread by 2bp. The borrower paid up over its dollar curve but was, according to one of the leads, happy to do so to maintain a presence in sterling.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
