Bloomberg Canadian banks started their 2017 funding programs by selling a record amount of bonds backed by residential mortgages abroad, taking advantage of lower borrowing costs amid demand for their top-rated debt. The country’s biggest financial institutions have sold about $6 billion in covered bonds denominated in euros, US dollars and pounds this year, the most on record for ...

  Reuters Qatar’s Masraf Al Rayan, an Islamic lender, has mandated banks for a sukuk of around $500 million, banking sources said on Wednesday. This would be one of a likely series of debt issues in the first quarter by Gulf banks seeking US dollar funding to improve their liquidity, which has been hurt by low oil prices. Abu Dhabi ...

  Bloomberg The Turkish central bank’s thinly veiled pledge to take action to stem the lira’s bought only a short reprieve before the slump continued. By just after 3 p.m. on Tuesday in Istanbul, the lira was trading down 1.7 percent against the dollar — weaker than its level prior to the central bank’s statement about an hour earlier and ...