Canada
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Deal is intended to raise C$500m from retail investors in Canada -
Bankers were encouraged that even a less frequent issuer could visit the market
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Upcoming deals to test the curve from two years out to nine
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The four year sale landed with 3bp of premium after an aggressive start
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An IG grade supply drought is coming as bank issuance hits seasonal lull
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Further Canadian issuance could follow as banks consider 'competitive' dollar and euro markets
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Australian US dollar deals trade wider than Canadians and the curve is steep
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Volatility in dollars and dour market mood pushes German agency to postpone trade
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The long tenor was a bone of contention and investors had plenty of other deals on offer
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Investors plough into short dated tranches though longer deals are still possible
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First FRN of the year as fixed rates lose their competitiveness
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Issuers both head to three years, with ADB also venturing out to long end
