IBM turns to Canadian bond market for first time since 2012

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Or sign-in if you have an account.IBM, whose latest U.S. dollar bond sale occurred in January, has seen its performance struggle this year amid weak sales for its computer infrastructure and related software Photo by Joan Cros/NurPhoto via Getty ImagesInternational Business Machines Corp. is in Canada’s bond market for the first time in 14 years, the latest entrant to what’s been a record year of issuance by foreign firms.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe tech company is offering four- and eight-year notes, according to a person familiar with the matter who asked not to be identified as they’re not authorized to speak publicly. IBM raised $500 million through a sale in 2012, its most recent deal in the currency according to data compiled by Bloomberg.Proceeds from the new bonds, which are expected to price on Monday, would go toward general corporate purposes, the person added.Canada's best source for investing news, analysis and insight.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Investor will soon be in your inbox.We encountered an issue signing you up. Please try againSales of so-called Maple notes by non-Canadian firms have set an all-time high this year, with offerings from the likes of tech giants Amazon.com Inc. and Alphabet Inc. helping to reshape Canada’s corporate-debt market.IBM, whose latest United States dollar bond sale occurred in January, has seen its performance struggle this year amid weak sales for its computer infrastructure and related software. A focus by the firm on software has fuelled concerns from some investors that the company could be disrupted by artificial intelligence. Its shares are down 19 per cent this year, the third-worst performance in the Dow Jones Industrial Average.We apologize, but this video has failed to load.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.