Canada five year to encourage further sovereign issuance
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.”
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