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Export Development Canada guides five-year global note offering at mid-swaps plus 11 bps area
By Cristal Cody and Devika Patel
Tupelo, Miss., Jan. 17 – Export Development Canada (Aaa/AAA) plans to price a U.S. dollar-denominated offering of five-year global notes on Wednesday, according to a market source.
The notes were initially talked to price in the mid-swaps plus 11 basis points area.
The bonds may be called at par at any time.
BofA Merrill Lynch, BMO Capital Markets Corp., Credit Agricole CIB and J.P. Morgan Securities LLC are the bookrunners.
Proceeds will be used for general corporate purposes.
Ottawa-based Export Development Canada is a Canadian government-owned export credit agency.
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