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Bank of Montreal completes offering of C$1.15B of subordinated notes

Date Closed

September 7, 2023

Lead Office



1.15 Billion CAD

On September 7, 2023,  Bank of Montreal ("BMO") completed a domestic public offering of C$1.15 billion of subordinated notes (Non-Viability Contingent Capital (NVCC)) (the "Notes") through its Canadian Medium-Term Note Program. The net proceeds from this offering will be used for general banking purposes.

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

McCarthy Tetrault advised the agents with a team led by Andrew Parker that included Jo-Anna Brimmer, Lama Kahiel (Business), Kabir Jamal and Kathryn Walker (Tax).