BMO gains stronghold in the US issuance with raft of reverse convertibles

Reverse convertibles are the product of choice in the latest issuance, Bank of Montreal has the lion's share.

Capitol Hill in Washington DC
US issuers focus on revcons

The latest issuance is dominated by reverse convertibles, the majority of which come from Bank of Montreal (BMO), a less prolific issuer in the US market than many of its competitors.

There are a couple of names that appear more than once as underlyings. Lululemon Athletica is used by both BMO and JP Morgan as an underlying for a reverse convertible.

BMO's product has a six-month term, pays a 15% annualised rate and has a 75% downside barrier. JP Morgan's product has a three-month term, an

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here