IBM Taps Canadian Bond Market With $1.97B Debut Offering

International Business Machines Corp. announced a C$2.75 billion ($1.97 billion) Canadian corporate bond issuance, marking the technology giant's return to the domestic debt capital markets for the first time in over a decade. The offering underscores growing appetite among multinational corporations to access Canadian funding sources.

The bond sale comes amid a record year for Canadian dollar issuance by foreign corporations, signaling sustained investor interest in maple bond offerings. IBM's entry into the market reflects both the company's financing needs and confidence in the stability of Canadian fixed-income markets.