Bank of Montreal launches $40 billion note issuance programme

Published 27/06/2025, 13:56
Bank of Montreal launches $40 billion note issuance programme

TORONTO - Bank of Montreal has received approval from the UK’s Financial Conduct Authority for a U.S.$40 billion Note Issuance Programme, according to a regulatory announcement released Friday.

The prospectus dated June 27, 2025, and related documents have been submitted to the National Storage Mechanism and will be available for inspection through the UK financial regulator’s data portal.

The notes under this programme have not been and will not be registered under the United States Securities Act of 1933, as amended, and are subject to U.S. tax law requirements. With certain exceptions, the notes cannot be offered, sold, or delivered directly or indirectly in the United States or to U.S. persons as defined in Regulation S under the Securities Act.

The bank’s announcement specifies that the prospectus information is targeted at residents of particular countries only, as detailed in the document itself, and is not intended for use by persons outside those jurisdictions.

The regulatory filing includes links to several 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 documents from previous prospectuses dating back to 2018.

This information is based on a regulatory announcement statement published through the Regulatory News Service (RNS).

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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