BMO prices USD 1 billion additional Tier 1 capital notes offering
BMO•BMO prices USD 1 billion AT1 notes
BMO priced a USD 1 billion NVCC Additional Tier 1 (AT1) Limited Recourse Capital Notes, Series 7 offering.
- Notes pay 7.375% annually, quarterly, through Nov. 26, 2036.
- Rate resets every five years at the 5-year U.S. Treasury rate + 2.579%.
- Matures Nov. 26, 2086; expected to close Sept. 16, 2026.
- Proceeds earmarked for general banking purposes; expected to qualify as Additional Tier 1 capital.




