BMO Capital Markets

◆ Swedish agency goes head-to-head with competition ◆ Prices tightly to, or even through, dollar curve ◆ Agency monitoring a range of markets

◆ Spreads too good for banks to regret issuing ◆ One of the busiest September starts in US FIG ◆More than a dozen foreign banks print over $27bn in just three days

◆ Cades has a 'strong outing' ◆SEK tightens 3bp and still manages to upsize ◆ Tight US Treasury spreads but 'no let up in buying'

◆ Issuer takes advantage of robust short end demand ◆ Size is ’best outcome’ for investors ◆ Tricky balance of swap and US Treasury spreads

◆ Blowout books ◆ World Bank goes for dual trancher and dual currencies on same day ◆ EIB success formula discussed

Development bank now 82% funded for the year

Agency attracts big book and raises $1bn with inaugural print

IADB taps sterling while two other issuers mandate for new issues

Supra to bring one more dollar benchmark before year-end

◆ BFCM becomes first French bank to print Yankee after parliamentary election ◆ Foreign banks rush before major US peers expected to swarm market ◆ Athene raises dollars days before pulling a euro deal

SSA issuers priced before US inflation data is announced

Dollar-based funders return to the primary market