BMO May Have Repurchased $13 Billion of Its Own ABCP

Financial Post, Duncan Mavin, 18 October 2007Bank of Montreal may have raised as much as $22-billion in August to fund a massive buyback of its own asset-backed commercial paper, said CIBC World Markets analyst Darko Mihelic.The bank may have repurchased $13-billion of its own ABCP with the funds in August and now has a significant amount of liquid assets available if further purchases in the