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Bank of Montreal Issues $1.05 Billion in Notes Due 2029

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MicroSectors Solactive FANG & Innovation 3X Leveraged ETN ( (BULZ) ) just unveiled an announcement.

The Bank of Montreal has issued US$750,000,000 of 5.004% Fixed/Floating Rate Senior Notes and US$300,000,000 of Floating Rate Notes, both due in 2029. This issuance follows a registration statement filed with the SEC in April 2022, allowing the bank to offer up to US$42 billion in securities. The notes are seen as valid obligations of the bank, though they are subject to certain legal provisions. This transaction, dated January 27, 2025, may impact the bank’s capital management and funding strategies by potentially enhancing liquidity and diversifying funding sources.

More about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN

YTD Price Performance: 12.64%

Average Trading Volume: 100,078

Current Market Cap: $1.57B

Learn more about BULZ stock on TipRanks’ Stock Analysis page.

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