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Canadian corporate bond market lets companies access more investors and borrow money at a lower cost. When Apple decided to issue bonds in Canada, investors jumped at the chance to…
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What Is a Maple Bond?
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What Boosts Interest in the Maple Market?
Pricing, demand and a solid market can boost interest in the maple market, as it did in 2017
A combination of attractive prices and increased demand in a sophisticated marketplace can boost issuance in the maple market, Canada’s go-to arena for foreign companies and banks.
After a prolonged slump since the 2007-2008 credit crisis, the market for foreign-issued bonds found its footing in the first half of 2017 and reported some its healthiest months in years.
It was also a time when Canadian banks and corporations were a little less active in the domestic market than the market had been expecting – a move that coincided with certain maturities and coupon payments coming due.
“With that lower domestic issuance, cash balances were beginning to build up, and as a result the maple issuers were able to step in and fill that void,” said Bradley Meiers, managing director and head of debt capital markets at HSBC Securities Canada.
