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Bank of Montreal to redeem C$500 million of 4.87% series C debentures
By Toni Weeks
San Luis Obispo, Calif., March 20 – The Bank of Montreal announced on Friday that it plans to redeem on April 22 C$500 million of its 4.87% series C subordinated debentures due April 22, 2020, second tranche.
The notes are redeemable at the bank's option on or after April 22 at par plus accrued interest.
The financial services company is based in Toronto and Montreal.
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