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BMO launches bail-in benchmark Kangaroo deal

Wednesday, 10 July 2019

On 10 July, Bank of Montreal (BMO) (A+/Aa2/AA-) launched its inaugural bail-inable, five-year benchmark Kangaroo deal. Indicative price guidance for the forthcoming transaction, which is being offered in either or both of fixed- and floating-rate formats, is 105 basis points area over swap benchmarks.

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