Sovereign issuers should take heart from the scale of demand for Canada’s tightly priced return to the dollar market, say DCM bankers. The country sold a tightly priced dollar benchmark on Thursday, and the success of the trade could help push forward issuance from other sovereigns.
“If you’re a top quality issuer looking at this deal you have to be encouraged,” said a head of SSA syndicate involved with the deal. “There are sovereigns looking at the market and this could sway them towards bringing a deal.”
Denmark and Sweden are both thought to