FCDQ mandates leads for second euro covered bond of the year

Canada FA 230
By Bill Thornhill
18 Nov 2019

The Fédération des caisses Desjardins du Québec (FCDQ) on Monday mandated leads for a euro covered bond, its second appearance in euros since January and its third overall in covered bonds.

FCDQ mandated Barclays, Crédit Agricole CIB, DZ Bank and TD Securities as joint bookrunners for an eight year euro-denominated Canadian legislative covered bond benchmark. The deal, which is secured on Canadian residential mortgages, is expected to be rated Aaa/---AAA.

FCDQ was last seen in the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial