BMO Capital Markets
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Both issuers are issuing their longest tenors so far this year -
Development bank returns to currency after two year hiatus as it nears 80% of funding target
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Issuers target both the short and the long ends of the dollar curve
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Second tap in the currency in recent weeks as policy bank surges ahead with arb funding
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Dollars and Aussie dollars offered more competitive funding
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The dollar SSA rush continues as ECB and Fed meetings approach
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◆ Debt ceiling deal keeps issuers at bay ◆ US regional banking stress still affecting primary market ◆ Issuers tipped to front-load
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Banks alleviate funding costs and diversify buyers as money market funds emerge from banking crisis
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Issuer raised $4bn from third dollar benchmark of the year
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BMO, RBC and BNS have taken on new staff to capture on juicy FIG fees
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Foreign and domestic issuers are looking to tap into pent-up demand following a hiatus of deals following Credit Suisse's rescue
