Bank of Montreal gets approval for $40 billion note program

Published 27/06/2025, 15:12
Bank of Montreal gets approval for $40 billion note program

LONDON - Bank of Montreal has received approval for admission of its U.S.$40 billion Note Issuance Programme to the London Stock Exchange (LON:LSEG)’s International Securities Market, according to a regulatory announcement released Friday.

The bank submitted its Admission Particulars dated June 27, 2025, along with documents incorporated by reference to the National Storage Mechanism, which will be available for inspection through the Financial Conduct Authority’s data portal.

The Note Issuance Programme provides Bank of Montreal with a framework to potentially issue notes up to the $40 billion limit. According to the announcement, these notes have not been and will not be registered under the United States Securities Act of 1933 and are subject to U.S. tax law requirements.

The regulatory filing specifies that the notes may not be offered, sold, or delivered in the United States or to U.S. persons, with certain exceptions, and that no public offering of the notes is being made in the United States.

The announcement includes information about documents incorporated by reference, including the bank’s 2024 Annual Information Form, 2024 Annual Report, Second Quarter 2025 Report to Shareholders, and various Terms and Conditions of Exempt Notes dating back to 2018.

The bank notes that the information contained in the Admission Particulars may be addressed to residents of specific countries only and is not intended for use by persons outside those countries or to whom the offer is not addressed.

This information is based on a regulatory announcement published by Bank of Montreal.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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