Rallying Treasuries help unseasonal CMHC mortgage bond to be twice oversubscribed

12 Mar 2004

Canadian dollar investors flocked to the bond market on Tuesday when the Canada Mortgage & Housing Corp (CMHC) launched its first Canada Mortgage Bond (CMB) of 2004 for its financing vehicle Canada Housing Trust No 1.

The order book was twice oversubscribed.

The C$4.45bn ...

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