Published on 6/20/2013 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.
New Issue: BMO sells C$1.25 billion one-year floaters to yield one-month CDOR plus 17 bps
By Cristal Cody
Tupelo, Miss., June 20 - Bank of Montreal priced C$1.25 billion of floating-rate deposit notes due June 20, 2014 (Aa3/A+/DBRS: AA) at one-month CDOR plus 17 basis points, according to an informed source on Thursday.
BMO Capital Markets Corp. was the lead manager.
The financial services company is based in Toronto and Montreal.
| Issuer: | Bank of Montreal
|
| Amount: | C$1.25 billion
|
| Maturity: | June 20, 2014
|
| Securities: | Deposit notes
|
| Bookrunner: | BMO Capital Markets Corp.
|
| Spread: | One-month CDOR plus 17 bps
|
| Pricing date: | June 19
|
| Settlement date: | June 20
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| DBRS: AA
|
| Distribution: | Canada
|
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