Global Conference 2011
Canadian High-Yield Market
Tuesday, May 3, 2011 / 6:30 am - 7:45 am
Historically, the Canadian debt market focused on investment-grade offerings and traditional loans. Local companies desiring the advantages of high-yield bonds were required to turn to the U.S. for financing, exposing themselves to currency risk and the critique of a distant audience. But beginning in mid-2009, Canadian companies have had access to a nascent but expanding Canadian-dollar high-yield market. This development has been applauded by Canadian investors and attracting increasing interest from U.S. buyers. Will this market grow? Will it address fixed-income requirements historically met by income trusts? Will it become attractive to U.S. investors? Will it contribute to Canadian industry and employment? Will it increase equity values? Will it seed other markets? This panel will address these questions.
Executive Managing Director, Head of Leveraged Finance and Debt Capital Markets, BMO Capital Markets