Housing Bonds Shows Foreign Demand No Anomaly: Canada Credit

Foreigners bought a record share of Canada Housing Trust’s C$2.25 billion ($2.2 billion) bond sale, ratifying a report this week that showed international investors can’t get enough Canadian debt.

International buyers purchased 37 percent of the 3.35 percent bonds due in December 2020, according to Andrew Hainsworth, the director of debt capital markets at Bank of Montreal’s BMO Capital unit, lead coordinator of yesterday’s sale. That’s the highest ratio since Canada Housing Trust began selling 10-year bonds in November 2008.