TD leads the way for Canadian TLAC in euros
Euro investors have been treated to their first ‘bail-inable’ senior bonds from Canadian banks, as Bank of Nova Scotia followed Toronto-Dominion into the market this week.
TD picked its own bank, BNP Paribas, Citi, Credit Suisse, Goldman Sachs and JP Morgan to arrange the sale of a new five year senior bond on Tuesday.These joint lead managers started the pricing in the 60bp area over mid-swaps, but soon found that they were inundated ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com