CPPIB to issue C$5bn bonds

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CANADA - The Canada Pension Plan Investment Board (CPPIB) has announced plans to issue up to CAN$5bn (US$4.04bn) in debt over the next two years to help it fund investments in illiquid assets.

The C$108bn CPPIB said it had chosen to enter debt markets in order to "create additional flexibility" in the timing and raising of funds, as current market conditions had created opportunities to ...

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