Mr. Paul Lehmann reports
BANK OF MONTREAL TO REDEEM $1,250,000,000 3.32% SERIES I MEDIUM-TERM NOTES FIRST TRANCHE (NON-VIABILITY CONTINGENT CAPITAL (NVCC))
Bank of Montreal intends to redeem all of its $1.25-billion 3.32 per cent Series I medium-term notes first tranche (non-viability contingent capital) due June 1, 2026. The redemption will occur on June 1, 2021. 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 Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider -- the eighth-largest bank, by assets, in North America. With total assets of $973-billion as of Jan. 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.
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