By Wendy Van Sickle
Columbus, Ohio, March 16 – Bank of Montreal issued $150 million of one-year floating-rate senior notes at par, according to a notice on Thursday.
The Regulation S floaters are issued under the bank’s $20 billion note issuance program and will pay interest at SOFR plus 25 basis points.
The notes are non-callable.
Credit Agricole CIB is the dealer.
Application has been made to list the notes on the London Stock Exchange effective March 16.
Bank of Montreal is a Montreal-based banking and financial services provider.
| Issuer: | Bank of Montreal
|
| Amount: | $150 million
|
| Issue: | Floating-rate senior notes, series 299
|
| Maturity: | March 16, 2024
|
| Dealer: | Credit Agricole CIB
|
| Coupon: | SOFR plus 25 bps
|
| Price: | Par
|
| Yield: | SOFR plus 25 bps
|
| Trade date: | March 14
|
| Settlement date: | March 16
|
| Distribution: | Regulation S
|
| ISIN: | XS2599787186
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
