Looking back at the Telus example we used to open the chapter, why would you say Telus

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Looking back at the Telus example we used to open the chapter, why would you say Telus used swap cross-curreny agreements? In other words, why didn’t Telus just go ahead and issue say, floating-rate bonds in Canada since the net effect of issuing fixed rate U.S. bonds and then doing two swaps is to create a floating rate Canadian dollar bond?

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Fundamentals of Corporate Finance

ISBN: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

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