Bank of Montreal to Redeem $1,250,000,000 3.32% Series I Medium-Term Notes First Tranche (Non-Viability Contingent Capital (NVCC))
Get Alerts BMO Hot Sheet
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 7.9%
Revenue Growth %: +24.4%
Join SI Premium – FREE
TORONTO, April 20, 2021 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it intends to redeem all of its $1,250,000,000 3.32% Series I Medium-Term Notes First Tranche (Non-Viability Contingent Capital) due June 1, 2026 (the "Notes"). The redemption will occur on June 1, 2021 (the "Redemption Date"). The Notes are redeemable at par together with accrued and unpaid interest to, but excluding, the Redemption Date. Interest on the Notes will cease to accrue from and after the Redemption Date.
The redemption has been approved by the Office of the Superintendent of Financial Institutions. Notice will be delivered to holders of the Notes in accordance with the terms outlined in the Notes prospectus.
About BMO Financial GroupServing customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $973 billion as of January 31, 2021, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
Internet: www.bmo.com Twitter: @BMOMedia
View original content:http://www.prnewswire.com/news-releases/bank-of-montreal-to-redeem-1-250-000-000-3-32-series-i-medium-term-notes-first-tranche-non-viability-contingent-capital-nvcc-301273161.html
SOURCE BMO Financial Group
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- The Bronx Social Care Network looks to become a lead entity among New York State-funded Social Care Networks
- Rendeavour expands high-speed internet access to local communities around Tatu City, Kenya
- New Clinical Study Identifies Personalized Treatment Options for Metastatic Non-Small Cell Lung Cancer With Plasma Proteome Testing
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesRelated Entities
BMO Capital, TwitterSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!