Currencies
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Bankers reckon issuer paid a concession of 4bp-8bp for new 15 year SURE line -
Bank of Montreals £1bn deal was priced flat to recent deals from UK issuers
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In October and November, the bank picked up more German and Dutch bonds
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Bulk of deal will be a new 15 year line as issuer fills up curve
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Collective covered bond funder opts for price over size
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Bondholders are considering what a split company will mean for them
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The senior FIG market remains open, but January may offer better options to banks
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Oversubscribed deal allows Greek lender to attain net new funding
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US dollars, sterling and euros are delivering the cheapest bank funding
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Swiss lender will redeem its most subordinated debt capital early despite any potential new refinancing costing more
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Three year covered deal looks 'cheap' compared to euros, say bankers
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Lender will use favourable market to refinance a bond before its call date in February with tender offer
