Bank of America Missing From Alberta’s Latest Euro Debt Sale

The Canadian province of Alberta didn’t use Bank of America when it sold a euro-denominated bond deal in late March, a break from its practice for such sales over the past six years.

Alberta sold a €1.25 billion ($1.4 billion) bond on March 26 using Barclays Plc, Royal Bank of Canada and Toronto-Dominion Bank as bookrunners. Germany’s NordLB acted as a co-manager on the deal. That was the first time Bank of America was missing from the syndicate group for an Alberta government euro bond issue of more than €100 million since 2019, according to data compiled by Bloomberg.