Shearman And Sterling

News January 12, 2023

Bank of Montreal’s $2.5 Billion Medium-Term Notes Offering

Shearman & Sterling represented BMO Capital Markets, BofA Securities, Citigroup, J.P. Morgan, and Morgan Stanley as lead underwriters in connection with Bank of Montreal’s registered public offering of $2.5 billion of medium-term notes comprised of $1 billion aggregate principal amount of its 5.200% Senior Notes due 2024, $300 million aggregate principal amount of its Floating Rate Notes due 2024 and $1.2 billion aggregate principal amount of its 5.203% Senior Notes due 2028, under its U.S. medium-term note program.

Bank of Montreal is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of C$1.14 trillion as of October 31, 2022, Bank of Montreal provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers.

Special thanks to associate Daniel Choi (Toronto – Capital Markets) for hiscontribution to this publication.

The Team