BMO launches three-year Australian dollar covered bond
- Wednesday, 08 April 2020
On 8 April, Bank of Montreal (BMO) launched a new three-year, Australian dollar denominated, floating-rate note, covered bond. Indicative price guidance for the forthcoming deal, which is expected to price on the day of launch, is 125 basis points area over three-month bank bills. BMO Capital Markets, Commonwealth Bank of Australia, National Australia Bank, UBS and Westpac Institutional Bank are leading.
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