CMHC Eyes C$8.5 Billion Bond Sale as Soon as Next Week
- Transaction would be done before government’s fall statement
- Agency to issue 10-year bonds and floating rate 5-year bonds
Canada’s federal housing agency is preparing a sale of as much as C$8.5 billion ($6.2 billion) in bonds as soon as next week, according to people familiar with the matter.
Photographer: Taehoon Kim/BloombergThis article is for subscribers only.
Canada’s federal housing agency is preparing a sale of as much as C$8.5 billion ($6.2 billion) in bonds as soon as next week, according to people familiar with the matter.
Canada Mortgage and Housing Corp. will likely take orders for its planned transaction — consisting of floating-rate and fixed-rate Canada mortgage bonds, or CMBs — during the week of Nov. 13 after debt dealers sounded out investors, said the people, who asked not to be named ahead of a public announcement.