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IBM Returns to Canadian Bond Market After 14 Years

Bloomberg Markets •
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International Business Machines Corp. has entered Canada’s bond market for the first time in 14 years, marking a mogul move in a record year of foreign firm issuances.

The tech giant is offering Bloomberg Terminal four- and eight-year notes to Canadian investors, a deal that follows its last Canadian bond sale of C$500 million in 2012. Sources familiar with the transaction, who asked to remain anonymous due to non‑publicity constraints, confirmed the terms.

This move signals IBM’s renewed confidence in the Canadian capital environment and reflects broader trends of foreign corporations tapping North American markets for diversified funding sources. While the company’s previous Canadian foray was successful, this new issuance underscores its long‑term strategy to balance global financing structures.

Investors will watch closely as the notes trade, noting potential impacts on yield curves and the broader impact on Canada’s foreign‑issuer sector.