World Bank prints record seven year Maple

By Frank Jackman
18 Sep 2020

The World Bank visited the Maple market on Thursday to print the largest ever seven year Canadian dollar bond from a non-domestic issuer, raising C$750m ($569.8m) with a new sustainable development bond (SDB).

Prior to Thursday’s deal, C$500m deals from the Inter-American Development bank in August and the European Investment Bank in August 1993 held the record for the largest seven year Maple deal.

“Issuers are speaking about Canadian dollars not as a project, but as a currency of choice,” ...

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