Log In
No results found for "".

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
BMO
Bank of Montreal€750
1USOA
Jun 18, 2026
currency
EUR
size (m)
750.000
maturity
Oct 15, 2030
type
Fixed to Floating
tenor
4.250
call
3.00
registration
Reg S Only
benchmark
Swaps
ranking
Senior Bail-In
moody's
A2
s&p
A-
fitch
AA-
size description
-
re-open/tap
No
ipt
MS+85 area
ipt-pxd
-25
guidance
n/a - straight to launch
spread
60
coupon
3.375%
spread set
-
price
99.92900
yield
3.402%
book size (m)
1,150
peak book (m)
1,500
x-covered
1.53
book attrition
-23.33%
nic
6
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,150
peak book (m)
1,500
x-covered
1.53
book attrition
-23.33%
nic
6
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1150; First Pay: 2026-10-15; Redemption: 2029-10-15; Registration: Reg S Only; Comments: OBL 2 ½ 10/11/29 #190 @ 99.57 (2.635%) +76.7; HR 99%. LEI: NQQ6HPCNCCU6TUTQYE16;
Use of Proceeds
General Banking Purposes
Relative Value

Bail-In Fixed to Floating

Long 4NC3 (15th October 2030) @ MS+85 area

Implied Spread for fresh Long 4NC3 @ MS+54

Priced at MS+60
NIC of +6

COMPS

Ticker

Rating

Cpn

Size (m)

Pricing Dt

Mty

Call Dt

Tenor

i+ (bid)

BMO

A2/A-/AA-

3.75

1,000

Jul-24

Jul-30

Jul-29

4.1nc3.1

51

BMO

A2/A-/AA-

3.25

1,000

Jul-25

Jan-32

Jan-31

5.6nc4.6

65

BMO

A2/A-/AA-

3.625

500

Mar-26

Mar-32

Mar-31

5.8nc4.8

67