Central bank interest makes Canadian dollars look sweet

By Nathan Collins
31 Jan 2014

The European Investment Bank reopened the Canadian dollar market for SSAs on Wednesday, selling a five year benchmark. The widespread appeal of the deal, particularly to central banks, could encourage other issuers to turn their attention to the currency, according to syndicate bankers.

“We’re seeing strong demand for Canadian dollars from central banks and other investors,” said a syndicate official involved in the deal. “This is a positive sign for SSAs established in the currency — like EIB, KfW and the World Bank — and could encourage other issuers to look at Canadian ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial