By Wendy Van Sickle
Columbus, Ohio, July 18 – Bank of Montreal priced $3 million of 5.7% redeemable fixed-coupon notes due July 14, 2033, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is payable semiannually.
After two years, the notes will be redeemable semiannually at par.
The payout at maturity will be par for the bail-inable notes.
BMO Capital Markets Corp. is the underwriter.
| Issuer: | Bank of Montreal
|
| Issue: | Redeemable fixed-coupon notes
|
| Amount: | $3 million
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| Maturity: | July 14, 2033
|
| Coupon: | 5.7%; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | At par semiannually after two years
|
| Pricing date: | July 12
|
| Settlement date: | July 14
|
| Underwriter: | BMO Capital Markets Corp.
|
| Fees: | 1.5%
|
| Cusip: | 06374VYY6
|
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