Bank Of Montreal (TSE:BMO) has released an update.
The Bank of Montreal has announced a pre-stabilization notice for its upcoming securities offer, stating that its London Branch may stabilize the market price post-issuance to ensure it remains above the initial level. The bank plans to issue GBP 350 million worth of 5.125% notes due in 2024, with a potential stabilization period starting on June 3, 2024, and lasting up to 30 days. This move aims to maintain market stability and investor confidence, though there’s no guarantee that stabilization activities will occur.
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