SSAR

摘要

Export development Canada s late dash to the US dollar market paid off on Friday with the agency pricing a US$2bn deal through fair value, helped by the lack of supply in the currency. The Canadian agency appointed Bank of America, BNP Paribas, RBC, Scotiabank and TD for the February 2023 for which marketing started at 7bp area over mid-swaps, effectively flat to fair value. Despite the tight level, demand grew rapidly with books reaching USS3.9bn at one stage before a 2bp tightening to a final 5bp over meant some demand was lost and books closed at over US$3bn.