Bank of Montreal Updates $50 Billion Global Covered Bond Programme

Bank Of Montreal ( (TSE:BMO) ) has shared an update.

Bank of Montreal has received approval from the U.K. Financial Conduct Authority for a second supplement to its U.S.$50 billion Global Registered Covered Bond Program, which is fully guaranteed as to interest and principal payments by BMO Covered Bond Guarantor Limited Partnership. The updated documentation has been submitted to the National Storage Mechanism, reinforcing the bank’s ability to access international covered bond markets and supporting its diversified wholesale funding strategy.

The supplement’s approval underscores BMO’s ongoing use of covered bonds as a stable, secured funding source that can help optimize its balance sheet and funding costs. By maintaining a large, FCA-approved covered bond program, the bank strengthens its position among global issuers and provides investors with enhanced transparency and regulatory oversight around its structured funding instruments.

More about Bank Of Montreal

Bank of Montreal is a major North American financial institution operating in the banking and financial services industry. It offers a broad range of retail, commercial, and institutional banking products, including lending, deposits, wealth management, and capital markets services, with a significant presence in Canada and a growing international funding footprint.

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