Canada Mortgage & Housing Corp (CMHC) this week cemented its position as the leading issuer in the Canadian dollar market by increasing its 5.10% September 2007 Canada Mortgage Bond launched in June to C$6.7bn, providing the market with the largest Canadian dollar denominated instrument away from government bonds. The C$2.9bn tap, lead managed by CIBC, Deutsche Bank, Merrill Lynch, RBC and Scotia Capital, was re-offered at 14bp over the 4.5% September 2007 Canadian Government Bond, flat on where the C$3.8bn bond was trading.
September 27, 2002