BMO joins bail-in Kangaroo frenzy

Cabei, Kangaroo, Australia, LatAm
By Frank Jackman
12 Jul 2019

The Bank of Montreal followed Toronto Dominion’s lead on Wednesday to join the Canadian bail-inable Kangaroo frenzy, placing A$750m of five year debt.

“This was a true follow-on in every sense of the word,” said a banker at one of the leads. “There has been a really good continued positive market backdrop, and investors are showing an appetite and increased understanding of bail-in debt.”

BMO placed its inaugural Australian dollar bail-in ...

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