BANK OF MONTREAL /CAN/ (BMO) Form 6-K — Jun 15, 2026
Bank of Montreal announced its intention to redeem all $1 billion of its outstanding 1.928% Series K Medium-Term Notes. The subordinated indebtedness, originally set to mature on July 22, 2031, will be redeemed early on July 22, 2026. The redemption will occur at a price equal to 100% of the principal amount plus accrued and unpaid interest. The transaction has received approval from the Office of the Superintendent of Financial Institutions.
Key figures
- Debt Amount
- $1 billion
- Total Assets
- $1.5 trillion
- Interest Rate
- 1.928%
- Maturity Date
- July 22, 2031
- Redemption Date
- July 22, 2026
- Redemption Price
- 100% of principal plus accrued interest
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