MicroSectors Solactive FANG & Innovation 3X Leveraged ETN ( (BULZ) ) has shared an update.
On February 26, 2025, the Bank of Montreal announced a domestic public offering of $1.25 billion in subordinated notes through its Canadian Medium-Term Note Program. The proceeds will be used for general banking purposes, potentially including the redemption of outstanding capital securities or repayment of other liabilities. The notes will bear a fixed interest rate of 4.077% per annum until March 5, 2030, after which they will switch to a rate of Daily Compounded CORRA plus 1.54% until maturity on March 5, 2035. This strategic move is expected to strengthen BMO’s financial position and support its operational flexibility.
More about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN
BMO Financial Group, the eighth largest bank in North America by assets, boasts total assets of $1.5 trillion as of January 31, 2025. With a 200-year history, BMO offers a wide range of personal and commercial banking, wealth management, global markets, and investment banking products and services to 13 million customers across Canada, the United States, and select global markets. The bank is committed to fostering a thriving economy, sustainable future, and inclusive society.
YTD Price Performance: -7.81%
Average Trading Volume: 113,341
Current Market Cap: $1.36B
Learn more about BULZ stock on TipRanks’ Stock Analysis page.