Chicago, Nov. 10 – Bank of Montreal priced $2.01 million of 7% redeemable fixed-coupon notes due Nov. 9, 2038, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is payable semiannually.
The notes will be redeemable semiannually at par starting after two years.
The payout at maturity will be par for the bail-inable notes.
BMO Capital Markets Corp. is the underwriter.
Issuer: | Bank of Montreal
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Issue: | Redeemable fixed-coupon notes
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Amount: | $2,006,000
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Maturity: | Nov. 9, 2038
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Coupon: | 7% annual rate; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call: | At par semiannually starting after two years
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Pricing date: | Nov. 7
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Settlement date: | Nov. 9
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Underwriter: | BMO Capital Markets Corp.
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Fees: | 0.3975%
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Cusip: | 06375MCU7
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