GA Global Funding Trust Readies Debut Canadian Debt Offering

GA Global Funding is talking to Canadian investors for a loonie-denominated debt sale of around C$500 million ($365 million), according to people with knowledge of the discussions.

The bond is expected to mature in eight years, and initial pricing is talked at around 1.45 percentage point above benchmarks, the people said, asking not to be identified discussing private matters. The deal could come to market as soon as Wednesday, they said. GA Global Funding held a call with fixed income investors on Tuesday.