EDC overcomes tough market with tight 5 year

18 Oct 2007

Export Development Canada (EDC) extends yield curve with $1bn five year and achieves tightest price this year for a five year SSA bond. The deal attracted an unprecented book in terms of quality with almost 100% placed with real money accounts.

Export Development Canada (EDC) this week proved that the flight to quality bid is still strong in the dollar market. Its $1bn five year global roared off lead managers’ books when it was launched yesterday (Thursday) against a volatile backdrop.

Treasury yields have rallied 20bp on the week and ...

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