First Canadian Dim Sum bonds as EDC sells debt

(Bloomberg, Ottawa, 24 June 2013) Export Development Canada, a trade financing agency, sold the nation’s first offshore yuan- denominated bonds last week as exports to China grow. EDC, which supports Canadian businesses globally, raised 100 million yuan ($16.3 million) from a sale of 2.1 per cent notes due July 2014, according to data compiled by Bloomberg. China imports C$19 billion ($18 billion) of merchandise from Canada, almost three times as much as the other BRIC nations — Brazil, Russia and India — put together.