Canadian Covered Runneth Over

Liquid issues help banks raise record amounts as country finds favour.

Canadian issuers have recently broken records in the covered bonds market. The possibilities offered by the instrument have not gone unnoticed by smaller institutions, who have added distinctive stories to the jurisdiction’s development. In 2022, Canadian banks have collectively raised more through benchmark covered bonds than in any previous year, and in volumes that trumped supply from any other jurisdiction.

Read the complete report in this special feature.