| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Bank of Montreal > News item |
Bank of Montreal to price redeemable step-up coupon notes due 2023
By Jennifer Chiou
New York, June 13 - Bank of Montreal plans to price redeemable step-up coupon notes due June 27, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 2.15% until June 27, 2015, stepping up to 2.25% until June 27, 2017, to 2.85% until June 27, 2019, to 4% until June 27, 2021 and to 5% until maturity. Interest will be payable semiannually.
The payout at maturity will be par.
Beginning on Dec. 27, 2013, the notes will be redeemable at par on any interest payment date.
The notes (Cusip: 06366RPP4) will settle on June 27.
BMO Capital Markets Corp. is the underwriter.
© 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.