By Cristal Cody
Tupelo, Miss., Feb. 27 - Bank of Montreal (Aa3/A+/DBRS: AA) sold C$750 million of 2.43% five-year deposit notes at 99.977 to yield 2.435%, according to an informed source on Thursday.
The notes due March 4, 2019 priced with a spread of 79 basis points over the Government of Canada bond curve.
BMO Capital Markets Corp. was the lead manager.
The financial services company is based in Toronto and Montreal.
| Issuer: | Bank of Montreal
|
| Amount: | C$750 million
|
| Maturity: March 4, 2019
|
| Securities: | Deposit notes
|
| Bookrunner: | BMO Capital Markets Corp.
|
| Coupon: | 2.43%
|
| Price: | 99.977
|
| Yield: | 2.435%
|
| Spread: | 79 bps over Government of Canada bond curve
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 3
|
| Ratings: Moody's: Aa3
|
| Standard & Poor's: A+
|
| DBRS: AA
|
| Distribution: | Canada
|
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