CPPIB Capital set to bring dollar deal after brief delay

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By Burhan Khadbai
25 Feb 2020

CPPIB Capital is moving forward with its five year dollar benchmark which was mandated last Friday but postponed following the hostile market conditions at the start of the week. Bankers away from the deal expect it to go well, given the limited size.

Leads Barclays, Goldman Sachs, JP Morgan and RBC Capital Markets sent out initial price thoughts of mid-swaps plus 16bp area on Tuesday for a $1bn no-grow March 2025 bond.

The leads are taking indications of interest, ahead of an expected launch on Wednesday.

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