Posted AT 4:47 PM EST on 16/11/09
CIBC leads flurry on bond deals
The fixed income crowd is finishing the day with a fury, as CIBC, Hydro One and the Winnipeg airport launched new bond issues late Monday. On the heels of a successful $1.5-billion bond sale by Bank of Nova Scotia earlier in the session, CIBC sold $1-billion of five-year notes, with a 3.3 per cent interest rate. CIBC World Markets led the transaction. The new CIBC paper was priced at a 68 basis point premium to the comparable Government of Canada bond.
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