NEW ISSUE: Bank of Montreal € bmk 3yr CB; 3mEURIBOR+28a
IGC European Market: Deal Flow - General
Issuer
Term
Maturity
Size
Ranking
Type
Guidance
ISIN
Bank of Montreal
3yr
4-Sep-29
bmk
CB
Floating
3mEURIBOR+28a
XS3487864236
Guidance: 3yr: 3mEURIBOR+28a
Issuer:Bank of Montreal
LEI: NQQ6HPCNCCU6TUTQYE16
Guarantor: BMO Covered Bond Guarantor Limited Partnership
Expected Ratings: Aaa/AAA/AAA by Moody’s / Fitch / DBRS
Instrument: Euro Floating Rate Canadian Legislative Covered Bond, backed by Canadian residential mortgages
Form: Reg S Category 2, Registered, TEFRA not applicable
Size: € Benchmark
Maturity: 4-Sep-29 (Soft Bullet)
Settlement: 4-Sep-26
Guidance: 3-month EURIBOR + 28a
Coupon: 3-month EURIBOR + [ ]bps per annum, payable quarterly in arrear, Actual/360
Interest Payment Dates: Quarterly, on 4-Mar, 4-Jun, 4-Sep and 4-Dec in each year commencing on the Interest Payment Date falling nearest to 4-Dec-26
Denominations: €100,000 x €1,000
Business Day Convention: Modified Following Business Day Convention
Business Days: Toronto, London, New York and T2
Governing Law: Province of Ontario and the federal laws of Canada applicable therein
Listing: London Main Market
Documentation: Issued under the Issuer’s US$50,000,000,000 Global Registered Covered Bond Program dated 10-Sep-25 and supplemented 15-Dec-25, 3-Mar-26, 27-May-26 and 25-Aug-26 (the “Prospectus”)
Selling Restrictions: No Sales into Italy. Canadian sales not permitted. Prohibition of Sales to EEA and UK Retail Investors applicable. Singapore Sales to Institutional Investors and Accredited Investors only, and as otherwise described in the Prospectus and the Final Terms
Target Market: MiFID II / UK MiFIR professional clients / ECPs-only
Joint Lead Managers: ABN AMRO Bank N.V., BMO Capital Markets, Crédit Agricole CIB, LBBW, NORD/LB, SEB
Fees: Joint Lead Managers will be paid a fee in connection to the transaction