Almost $78 billion has been issued already this year, more than 70 per cent of the record $111 billion sold in all of 2020
“We are on a good path to exceeding the record highs that we’ve seen in the Canadian market,” said Rob Brown, co-head of Canadian debt capital markets at Royal Bank of Canada, one of the biggest underwriters of the debt.
“Our pipeline is thinner than it was,” said Brown in a video interview. Refinancing needs may be smaller, but high-yield and ESG financing should continue gaining traction in the second half, while funding for investments like 5G spectrum for telecoms may boost volumes, he said.
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