Canada Bank Bonds, China Internet, Ukraine Bank: Compliance
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Canadian banks issued a record amount of domestic debt this year as they rushed to get ahead of new rules that will make issuing subordinated bonds costlier as of next month.
Lenders such as Royal Bank of Canada and Canadian Imperial Bank of Commerce sold C$31.6 billion ($31.8 billion) in domestic bonds this year, or 11 percent more than in 2011 and the most in Bloomberg League Tables dating to 1999. So far in December, banks sold C$4.6 billion in bonds, more than double the amount from the same period last year, the data show.