Forex
National Bank of Canada Lands First Dollar-Covered Deal
National Bank of Canada has successfully priced its first dollar-denominated covered bond, marking an important milestone for the issuer.
The spread on the new issue is consistent with that seen in recent dollar-covered deals, according to a banker quoted by Global Capital.
This is National Bank's second covered deal this year, and comes as the market continues to evolve with the introduction of three-year dollar-covereds.