By Cristal Cody
Prospect News, Oct. 2 - Bank of Montreal (Aa2/A+/DBRS: AA) priced C$1.5 billion of 1.89% three-year deposit notes at 99.997 to yield 1.891% on Tuesday, an informed bond source said.
The notes priced at a spread of 74.1 basis points over the Government of Canada benchmark.
BMO Capital Markets Corp. was the bookrunner.
The financial services company is based in Toronto and Montreal.
| Issuer: | Bank of Montreal
|
| Amount: | C$1.5 billion
|
| Maturity: | Oct. 5, 2015
|
| Securities: | Deposit notes
|
| Bookrunner: | BMO Capital Markets Corp.
|
| Coupon: | 1.89%
|
| Price: | 99.997
|
| Yield: | 1.891%
|
| Spread: | 74.1 bps over Government of Canada benchmark
|
| Pricing date: | Oct. 2
|
| Settlement date: | Oct. 5
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: A+
|
| DBRS: AA
|
| Distribution: | Canada
|
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