CPPIB smashes sterling debut to set new book record

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By Burhan Khadbai
20 Jan 2020

CPPIB Capital achieved a strong reception from investors for its first sterling bond on Monday with the order book setting a new record as the largest in the currency from a non-UK public sector borrower.

Bank of America, Barclays and Citi were appointed by CPPIB to arrange investor calls last week, before being mandated to lead a five year fixed rate sterling benchmark on Friday.

The leads opened the books on Monday morning with the spread set at 50bp over ...

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