BMO ends Canadian euro drought
Bank of Montreal (BMO) became the first Canadian name to issue a covered bond in euros since March with a €1.5bn trade on Thursday.
Bank of Montreal came to the market with a €1.5bn long five year covered bond, backed by Canadian residential mortgages, with final terms set at 4bp through mid-swaps.The soft bullet deal matures in January 2023. Guidance was set flat to mid-swaps, then revised to 4bp through mid-swaps. ...
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