NEW YORK, July 27 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
(Reporting by Caryn Trokie; Editing by James Dalgleish)