Bank of Montreal Issues £1 Billion Floating Rate Covered Bonds Due 2029

Bank Of Montreal ( (TSE:BMO) ) has issued an announcement.

Bank of Montreal has issued £1 billion of floating rate covered bonds maturing in April 2029 under its US$50 billion Global Registered Covered Bond Program, with payments of interest and principal guaranteed by BMO Covered Bond Guarantor Limited Partnership. The bonds are being admitted to trading in the UK under applicable securities regulations, and the final terms have been filed with the National Storage Mechanism, underscoring the bank’s continued use of covered bonds to access diversified funding and support its international presence.

The Final Terms document, dated 14 April 2026, must be read together with the existing prospectus and supplements to provide full information on the offer and on Bank of Montreal. By expanding its sterling-denominated covered bond issuance, the bank reinforces its footprint in the UK and European capital markets and signals ongoing demand from institutional investors for high-grade, secured bank debt instruments.

More about Bank Of Montreal

Bank of Montreal is a major Canadian banking institution that provides a broad range of financial services, including commercial and retail banking, wealth management and capital markets activities. The bank is an active issuer in international debt markets, using covered bond programs to support its global funding and balance sheet management strategy.

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