2023-08-08 17:28:47 ET
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Bank of Montreal ( TSX: BMO:CA ) ( NYSE: BMO ) said Tuesday it intends to redeem all of its US$850 million 4.338% subordinated notes (non-viability contingent capital) due October 5, 2028.
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The redemption will occur on October 5, 2023.
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The notes are redeemable at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but excluding, the redemption date.
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Interest on the notes will cease to accrue on and after the redemption date.
For further details see:
BMO to redeem US$850M subordinated notes