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GC Asia
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British Columbia Enters FX Swap
The Province of British Columbia has entered into a foreign exchange swap to convert the proceeds of a recent CHF400 million (USD274.7 million) bond offering into Canadian dollars. An official in Victoria, British Columbia, said the province never takes on unhedged Swiss franc-denominated debt. The bond was issued in a foreign currency in order to take advantage of attractive foreign exchange rates between the Swiss franc and the Canadian dollar, he added, declining further comment.
25 Nov 2002
Further Reading
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Interest Rates
Cross currency swaps headache looms in Ibor transition
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People & Markets
ICAP accelerates equity strategy with European special situations desk
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SSA
Bank of England lays out plans to publish compounded Sonia averages and index
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Interest Rates
Tradition adds dealer and client to new swaps Clob
