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Börse Express - Bank of Montreal to Redeem $1,250,000,000 3.32% Series I Medium-Term Notes First Tranche (Non-Viability Contingent Capital (NVCC))


Bank of Montreal to Redeem $1,250,000,000 3.32% Series I Medium-Term Notes First Tranche (Non-Viability Contingent Capital (NVCC))
20.04.2021 | 23:00
Quelle: OTS Wirtschaft
Toronto (ots/PRNewswire) - Bank of Montreal (TSX: BMO)(NYSE: BMO) today announced that it intends to redeem all of its $1,250,000,000 3.32% Series I Medium-Term Notes First Tranche (Non-Viability Contingent Capital) due June 1, 2026 (the Notes ). The redemption will occur on June 1, 2021 (the Redemption Date ). The Notes are redeemable at par together with accrued and unpaid interest to, but excluding, the Redemption Date. Interest on the Notes will cease to accrue from and after the Redemption Date.
The redemption has been approved by the Office of the Superintendent of Financial Institutions. Notice will be delivered to holders of the Notes in accordance with the terms outlined in the Notes prospectus. ....

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Bank of Montreal to Redeem $1,250,000,000 3.32% Series I Medium-Term Notes First Tranche (Non-Viability Contingent Capital (NVCC))


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TORONTO, April 20, 2021 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it intends to redeem all of its $1,250,000,000 3.32% Series I Medium-Term Notes First Tranche (Non-Viability Contingent Capital) due June 1, 2026 (the Notes ). The redemption will occur on June 1, 2021 (the Redemption Date ). The Notes are redeemable at par together with accrued and unpaid interest to, but excluding, the Redemption Date. Interest on the Notes will cease to accrue from and after the Redemption Date.
The redemption has been approved by the Office of the Superintendent of Financial Institutions. Notice will be delivered to holders of the Notes in accordance with the terms outlined in the Notes prospectus. ....

United States , Financial Group , Office Of The Superintendent Financial Institutions , Seriesi Medium Term Notes First Tranche , Non Viability Contingent Capital , Commercial Banking , ஒன்றுபட்டது மாநிலங்களில் , நிதி குழு , அலுவலகம் ஆஃப் தி கண்காணிப்பாளர் நிதி நிறுவனங்கள் , அல்லாத நம்பகத்தன்மை தொடர்ந்து மூலதனம் , வணிகரீதியானது வங்கி ,

National Bank of Canada Announces NVCC AT1 Limited Recourse Capital Notes Offering


National Bank of Canada Announces NVCC AT1 Limited Recourse Capital Notes Offering
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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
MONTREAL, April 14, 2021 /CNW Telbec/ - National Bank of Canada ( National Bank ) today announced that it has entered into an agreement with a group of agents led by National Bank Financial Inc. for the issuance of $500 million of Limited Recourse Capital Notes, Series 2 (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness) (the  Notes ). 
The Notes will bear interest at a rate of 4.05% annually, payable semi-annually, for the initial period ending on but excluding August 15, 2026. Thereafter, the interest rate on the Notes will reset every five years at a rate equal to the prevailing 5-year Government of Canada Yield plus 3.045%. The Notes will mature on August 15, 2081.   ....

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