. The offer is unique as it is tailored according to the terms determined by the investors or bond dealers instead of an issuer.
“What we are really attempting to do here is to provide investors greater flexibility by providing stronger voice in the program by providing revise inquiry,” Sam Dorri, Managing Director, Financing CPPI to Reuters. CPPI’s issuance is the latest bond offering in the fixed income market that is showing signs of revival as companies prepare to lock in their capital before the next rate hike by the Bank of Canada.
Earlier this year, CPPI issued regular bonds worth C$4 billion with coupon ranging from 2% to 3%, but the latest issuance is highest coupon in at least five years.
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