Published on 6/10/2022 in the Prospect News Structured Products Daily.
New Issue: BMO sells $112.89 million floating-rate notes based on SOFR ICE Swap Rate
By Wendy Van Sickle
Columbus, Ohio, June 10 – Bank of Montreal priced $112.89 million of floating-rate notes due June 9, 2025 based on the two-year U.S. Dollar SOFR ICE Swap Rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is the two-year U.S. Dollar SOFR ICE Swap Rate with a floor of 3.2%. Interest is payable quarterly.
The payout at maturity will be par plus accrued interest.
BMO Capital Markets Corp. is the underwriter.
Issuer: | Bank of Montreal
|
Issue: | Floating-rate notes
|
Underlying rate: | Two-year U.S. Dollar SOFR ICE Swap Rate
|
Amount: | $112,885,000
|
Maturity: | June 9, 2025
|
Coupon: | Two-year U.S. Dollar SOFR ICE Swap Rate with a floor of 3.2%, payable quarterly
|
Price: | Par
|
Payout at maturity: | Par plus accrued interest
|
Pricing date: | June 7
|
Settlement date: | June 9
|
Underwriter: | BMO Capital Markets Corp.
|
Cusip: | 06368GV61
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.