CANADA launched a DM4bn 10 year global transaction this week, setting a benchmark in the European currency markets ahead of Emu and moving away from its strategy of raising funds in the global dollar bond market. Launched at 15bp over the Bund curve by Credit Suisse First Boston and Deutsche Bank, the deal marked the sovereign's return to the Deutschmark sector after a 16 year absence and is its largest ever foreign currency issue.
June 26, 1998