CMHC eyes $8.5-billion bond sale as soon as next week
BNN Bloomberg
Canada’s federal housing agency is preparing a sale of as much as $8.5 billion in bonds as soon as next week, according to people familiar with the matter.
Canada’s federal housing agency is preparing a sale of as much as $8.5 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.
Commercial lenders can sell pools of mortgages through the program, allowing them to fund more loans via the housing market. Canada mortgage bonds effectively carry a government guarantee.
