Bank of Montreal announces a domestic public offering of C$1.25B in subordinated notes through its Canadian Medium-Term Note Program

On March 5, 2025, Bank of Montreal ("BMO") has announced the closing of its domestic public offering of C$1.25 billion of subordinated notes (Non-Viability Contingent Capital (NVCC)) through its Canadian Medium-Term Note Program. The net proceeds will be added to the Bank's general funds and used for various banking purposes.

The offering was issued through a syndicate of agents led by BMO Capital Markets.

McCarthy Tétrault advised BMO Nesbitt Burns Inc. and the agents with a team led by Andrew Parker that included Jo-Anna Brimmer, Lama Kahiel, Dan Schechner (Business), Fred Purkey, Kabir Jamal, and Kathryn Walker (Tax).