Rare issuer British Columbia returned to the MTN market this week with its first euro paper since January 2017, in two installments. MTN dealers reckon conditions are favourable for Canadian issuers.
“The basis has improved for Canadian names,” said one MTN dealer. “In a super low environment, the long end is a good way of capturing interest.”
The Province of British Columbia placed two long-end trades in euros this week. It sold a €130m 1.227% April 2044 note on