RBC Capital Markets Canadian Public Sector Borrowers Roundtable

Last year Canada’s public sector borrowers and banks were the toast of international debt markets, their bonds craved by investors worldwide. Nothing emphasised this more starkly than the sovereign’s $3bn five year deal — its first international bond in a decade — in September 2009. The note picked up $15bn of orders and was priced at 15bp under Libor, the narrowest spread of any US dollar benchmark deal all year.