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BRIEF-Bank Of Montreal Announces Subordinated Note Issue

Published 2019-09-09, 05:49 p/m
© Reuters.  BRIEF-Bank Of Montreal Announces Subordinated Note Issue
BMO
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Bank of Montreal BMO.TO :

* BANK OF MONTREAL ANNOUNCES SUBORDINATED NOTE ISSUE

* BANK OF MONTREAL - ANNOUNCED A DOMESTIC PUBLIC OFFERING OF $1.0 BILLION OF SUBORDINATED NOTES

* BANK OF MONTREAL - NOTES BEAR INTEREST AT A FIXED RATE OF 2.88 PER CENT PER ANNUM (PAID SEMI-ANNUALLY) UNTIL SEPTEMBER 17, 2024

* BANK OF MONTREAL - NOTES BEAR INTEREST AT THREE-MONTH BANKERS' ACCEPTANCE RATE PLUS 1.18 PER CENT THEREAFTER (PAID QUARTERLY) UNTIL THEIR MATURITY ON SEPTEMBER 17, 2029

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