EDC a hit despite turning conditions

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By Craig McGlashan
23 Nov 2017

Export Development Canada this week brought what could be the last SSA dollar benchmark of the year, printing a strong deal despite conditions weakening as 2017 draws to a close.

There could be room for dollar deals next week, said a head of SSA DCM away from EDC’s deal, adding that the backdrop may not be great for issuance — particularly as borrowers with calendar year programmes have all but completed their needs.

“The SSA market cheapened versus ...

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