Alberta's record smashing sterling debut to pave way for others

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By Lewis McLellan
16 Feb 2017

The Province of Alberta's first ever sterling bond exceeded the "wildest expectations" of leads and onlookers. The deal demonstrated the strength of the sterling market and is likely to encourage the issuer's peers to follow suit.

The trade is the largest ever sterling deal from a Canadian province, according to Dealogic, and the first since the Province of Ontario printed £75m in 2011. Kerr Finlayson, SSA syndicate banker at RBC Capital Markets, which ran the books along with HSBCcalled the deal "a museum piece". ...

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