Despite sizable declines among U.S. Treasuries, the Province of Ontario's $2 billion global bond deal was fairly well received by investors yesterday, apparently benefiting from a decision by syndicate officials to push up the timing of the sale.

After German officials moved over the weekend to cut key interest rates, underwriters decided to launch the Ontario offering quickly, hoping to position it as the first U.S. dollar-denominated global deal in the market, a syndicate official said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.