CCDJ and CFF mandate leads for covered bonds

PipelineBleak_Adobe_575x375
By Bill Thornhill
16 Sep 2020

Fédération des Caisses Desjardins du Québec (CCDJ) mandated leads on Wednesday for a five year and Compagnie de Financement Foncier (CFF) mandated leads for a 10 year deal, to take advantage of exceptionally strong market conditions with both deals likely to be launched on Thursday.

CCDJ mandated Barclays, LBBW, RBC CM, Société Générale and UBS for its euro denominated €500m five year Canadian legislative covered bond secured on Canadian residential mortgages and rated Aaa/---/AAA.

Royal Bank of Canada was the last Canadian bank to issue a five year deal in euros back in March ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial