Bank of Montreal sells C$1.3 bln notes in 2 parts

NEW YORK, July 27 Wed Jul 27, 2011 1:19pm EDT

NEW YORK, July 27 (Reuters) - The Bank of Montreal (BMO.TO) on Wednesday sold C$1.3 billion ($1.4 billion) in fixed-rate deposit notes in a two-part sale, according to a term sheet seen by Reuters.

The sale consisted in part of C$300 million ($316 million) in notes due Sept. 20, 2025 in a reopening of an existing 4.268 percent issue and priced at 103.582 to yield 4.609 percent or 148 basis points over the Canadian government benchmark, according to the term sheet.

It also included C$1.0 billion ($1.1 billion) of 2.962 percent notes due Aug. 2, 2016 and priced at 99.991 to yield 2.96 percent or 82.4 basis points over the Canadian government benchmark. ($1=C$0.95) (Reporting by Caryn Trokie; Editing by James Dalgleish)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.