Bank of Montreal preps offering of fixed- and floating-rate notes

Chicago, Sept. 7 – Bank of Montreal announced a new offering of three dollar-denominated senior notes on Wednesday in a 424B2 filing with the Securities and Exchange Commission.

The bank is planning to sell two fixed-rate notes with maturities in 2024 and 2027.

The third part of the offering is planned as a floating-rate tranche due 2024.

The notes will be bail-inable.

The fixed-rate notes will have make-whole call and then par calls.

BMO Capital Markets Corp., BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are listed as bookrunners.

Computershare Trust Co., NA will be the trustee.

Sullivan & Cromwell LLP is Bank of Montreal’s U.S. counsel. Counsel to the underwriters is provided by Shearman & Sterling LLP.

Proceeds will be contributed to the general funds of BMO and used for general corporate purposes.

The issuer is a Montreal-based bank.

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