Ontario continues 10 year euro run

April 15, 2009 12:00 am

The euro sector has been slower than dollars to get off the mark with many participants still on holiday. The only deal currently on offer is a Eu750m minimum 10 year for Province of Ontario led by BNP Paribas, Credit Suisse, Deutsche Bank and JPMorgan. With guidance of mid-swaps plus 145bp, the deal is expected to go well since it should offer a coupon very close to 5%. Read EuroWeek on Friday to get the borrowers’ and bankers’ views on the deals and the market

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