BMO readying three-year Australian dollar covered bond
- Tuesday, 07 April 2020
On 7 April, Bank of Montreal (BMO) revealed plans for a potential three-year, Australian dollar denominated, floating-rate note, covered bond. The notes are expected to be rated Aaa/AAA, according to BMO Capital Markets, Commonwealth Bank of Australia, National Australia Bank, UBS and Westpac Institutional Bank.
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