Ontario sets spread early for three year

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Ontario sets spread early for three year

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Olivier Tabary/Olivier Tabary - stock.adobe.com

The Province of Ontario’s three year dollar benchmark this week sparked criticism from onlooking bankers after the spread was set a day before pricing. However, a head of SSA DCM at one of the leads replied that it was the “honourable” thing to do after the deal received more demand than expected.

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