EDC readies dollar deal ahead of busy pipeline

By Burhan Khadbai
13 Feb 2020

Export Development Canada has mandated banks for its first dollar benchmark of the year in what has been a quiet week in the currency for public sector borrowers. SSA bankers expect activity in dollars to pick-up next week, despite a US public holiday on Monday.

Bank of America, BNP Paribas, RBC Capital Markets, Scotiabank and TD Securities are taking indications of interest for EDC’s February 2023 dollar benchmark with initial price thoughts of mid-swaps plus 7bp area. The deal is expected to be priced on Friday.

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