EDC Tightens Pricing On $1 Billion Bond To Swaps -0.07 To -0.08
19 Oktober 2011 - 2:50PM
Dow Jones News
Export Development Canada has tightened pricing guidance on its
US$1 billion, five-year bond, one of the banks running the deal
said Wednesday.
Guidance is now seven to eight basis points below midswaps,
compared with six basis points below midswaps released earlier
BNP Paribas SA, HSBC Holdings PLC, JPMorgan Chase & Co., and
the Royal Bank of Canada are lead managers of the deal, which is
expected to price later Wednesday.
The issuer is rated Aaa by Moody's Investors Services Inc., and
AAA by Standard and Poor's Corp.
-By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349;
serena.ruffoni@dowjones.com
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