Bank Of Montreal (TSE:BMO) has released an update.
Bank of Montreal has launched a domestic public offering of $1 billion in subordinated notes, set to close on July 03, 2024. The proceeds are intended for general banking operations, including redeeming capital securities and repaying liabilities. These notes, with a fixed 4.976% interest rate until 2029 and variable rates thereafter, offer redemption options post-2029 or earlier under specific conditions.
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