(Bloomberg) -- National Bank of Canada is opening an office in Paris to cater to supranational and government-backed issuers, a segment that’s selling euro...
-- National Bank of Canada is opening an office in Paris to cater to supranational and government-backed issuers, a segment that’s selling euro-denominated bonds at a record pace this year.Simon Cote, who heads the London office, will also lead operations for the Paris branch, said Sean St. John , executive vice president, head of fixed income and co-head of risk management. The office got a license to operate out of France’s capital earlier this month, he said.
National Bank’s larger rivals at home, including Royal Bank of Canada and TD Bank, have been arranging euro bond sales for borrowers, including Canadian provinces and pension funds. The province of Saskatchewan is looking at a potential inaugural euro-denominated, 10-year bond deal, with TD being one of the bookrunners, people familiar with the matter said Monday.Biden Strategy to Tame Gas Prices Is in Peril as Iran Sanctions Pressure MountsHot U.S.
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