CPPIB
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◆ US dollar benchmark had been slated for later in Q1 ◆ 10 year tenor also considered ◆ Hedge funds allocated more than in some SSA peer deals -
◆ Issuer had contemplated 12-15 year euro deal ◆ Pushing through fair value was discussed ◆ Aussie dollar a 'win-win' while sterling 'on our minds'
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The Canadian borrower recently landed its tightest ever deal in US dollars
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◆ Three year maturity shorter than recent deals ◆ Tightest yet versus USTs ◆ Record breaking book for Canadian issuer
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◆ Issuer's first euro 10 year for a while ◆ 'Exceptional investor base' built over the years ◆ Pricing tighter than OMERS and provinces in secondary
