Banks Sell Medium Term Debt at Premium Yields

Financial Post, Sean Silcoff, 27 September 2007Faced with dwindling demand for their short-term debt offerings, Canadian banks have lured investors in the past month by selling massive amounts of medium-term debt securities at bargain prices.The biggest issuer so far has been Royal Bank of Canada, which has sold $4.4-billion worth of three-to-five-year senior deposit notes in five separate