July 9, 2012 / 6:42 PM / 5 years ago

Bank of Montreal sells C$1 bln notes - term sheet

July 9 (Reuters) - Bank of Montreal on Monday sold C$1 billion ($980 million) of five-year deposit notes, according to a term sheet seen by Reuters.

The 2.39 percent notes, due July 12, 2017, were priced at par to yield 117 basis points over the Canadian government benchmark.

The investment dealer arm of Bank of Montreal was the sole bookrunning manager of the sale.

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