BMO launches FRN and finds investors price-sensitive

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BMO launches FRN and finds investors price-sensitive

BMO, Bank of Montreal, logo of Halifax Office tower.

◆ BMO final orders drop by €1.4bn as issuer ‘solved for optimal price’ ◆ Tightening of final spread ‘cost them some orders’ say rival bankers ◆ ‘A great trade’ that was ‘priced at pinpoint’ according to a syndicate lead

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