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Bank of Montreal sells C$1.5 bln notes - term sheet
March 2, 2011 / 5:43 PM / 7 years ago

Bank of Montreal sells C$1.5 bln notes - term sheet

NEW YORK, March 2 (Reuters) - Bank of Montreal (BMO.TO) sold C$1.5 billion ($1.55 billion) of medium-term notes on Wednesday, according to a term sheet seen by Reuters.

The notes have an initial maturity date of July 8, 2016, with a final maturity of July 8, 2021.

The 3.979 percent notes were priced at 100.004 to yield 3.979 percent or 129 basis points more than the Canadian government benchmark.

The investment dealer arm of Bank of Montreal was the lead manager of the sale. ($1=C$0.97) (Reporting by Pam Niimi)

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