GC Asia
Dollar FIG ploughs ahead as banks, insurers return en masse after Labor Day
Banks and insurance companies featured heavily among the barrage of high grade issuers tapping the US bond market this week.
Bank of Montreal wasted no time in tapping the US market following the Labor Day holiday. The Aa2/A+ rated Canadian institution racked up $2.1bn of demand as it priced a $1bn five year bond on September 4. It also printed a $700m three year floating rate note following
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