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