CANADA will launch its debut French franc issue today (Friday), in the form of a Ffr3bn April 2009 bond. Lead managed by JP Morgan and SG, the deal is expected to emerge at 18bp to 20bp over OATs. "Market stability seems to have returned to the fixed income marketplace," said a Canadian government official. "It is now easier to contemplate a benchmark-type transaction.
October 23, 1998