May 24 (Reuters) - Bank Of Montreal BMO.TO
* Bank of Montreal announces subordinated note issue
* Announced domestic public offering of $850 million of subordinated notes through its canadian medium-term note program
* Notes bear interest at a fixed rate of 2.57 per cent per annum (paid semi-annually) until June 1, 2022
* Notes bear interest at three-month bankers' acceptance rate plus 1.25 percent thereafter (paid quarterly) until their maturity on June 1, 2027 Source text for Eikon: ID:nCNWWb7MGa Further company coverage: BMO.TO