BMO Capital Markets stories

• L-Bank returns for unfinished business as short end dollars heat up

  

  L-Bank mandated banks on Wednesday for a second attempt at a two year dollar benchmark after it had to pull a deal in the same currency and maturity two weeks ago following a lack of demand. This time, it has opted for a more conventional approach of a traditional syndication and will follow a string of well received trades in the short end of the dollar curve.

  • 01 Apr 2020

• ADB jumbo deal shows dollar market is back

  The dollar market had looked sluggish, particularly in comparison to the volumes churned out in euros, but Tuesday's $4.5bn two year from Asian Development Bank indicates the market is back in working order.

  • 31 Mar 2020

• OSFI releases Canadian covered bond liquidity bottleneck

  A leading covered bond investor has reacted positively to a series of measures announced by Canada’s Office of the Superintendent of Financial Institutions’ (OSFI) which have effectively provided stable access to emergency funding, including a temporary increase in the amount of covered bonds the country's banks can issue. The move comes after a heavy spell of supply that had sparked concerns that Canadian banks were struggling for cash.

  • 31 Mar 2020

• Two SSAs come for dollars, but Europeans steer clear

  The dollar bond market is gradually opening up, with two high quality public sector borrowers hitting screens on Monday for short dated deals. But with volatility still gripping the cross-currency basis swap market, European borrowers are still sticking to their home currency.

  • 30 Mar 2020

• Sweden USD2bn 0.75% Mar 22

  • 26 Mar 2020