CPPIB joins 10 year dollar spree despite waning demand

By Burhan Khadbai
21 Oct 2019

CPPIB Capital has begun marketing its first 10 year dollar bond in two years as it looks to become the latest public sector borrower to visit this part of the curve, despite the underwhelming demand for World Bank’s trade last week.

BNP Paribas, Deutsche Bank, HSBC and RBC Capital Markets are taking indications of interest for CPPIB’s $1bn no-grow November 2029 at mid-swaps plus 38bp plus or minus 1bp.

It will be the Canadian issuer’s first 10 year dollar deal since October 2017, according to ...

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