Skip navigation
    Canada
    Canada
    Flag of the United States of America
    US, link
    Flag of People's Republic of China
    China, link
    • English
    • English
    • Français, lien
    • Français, lien
    • 简体中文, link
    • 繁體中文, link
      Canada
      Canada
      Flag of the United States of America
      US, link
      Flag of People's Republic of China
      China, link
      • English
      • English
      • Français, lien
      • Français, lien
      • 简体中文, link
      • 繁體中文, link
      News Releases Signup for News Alerts Media Contacts Executive Bios Corporate Fact Sheet BMO Expert Insights
      Navigation skipped

      News Releases

      Bank of Montreal to Redeem $850,000,000 2.57% Series I Medium-Term Notes Second Tranche (Non-Viability Contingent Capital (NVCC))

      TORONTO, April 28, 2022 /CNW/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it intends to redeem all of its $850,000,000 2.57% Series I Medium-Term Notes Second Tranche (Non-Viability Contingent Capital) due June 1, 2027 (the "Notes"). The redemption will occur on June 1, 2022 (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 Group

      Serving 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 $1.02 trillion as of January 31, 2022, 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

      SOURCE BMO Financial Group

      For further information: For News Media Enquiries: Paul Gammal, Toronto, paul.gammal@bmo.com, (416) 867-3996; For Investor Relations Enquiries: Bill Anderson, Toronto, bill2.anderson@bmo.com, (416) 867-7834