Bank of Montreal has raised $1.5 billion in a sale of bonds, The Wall Street Journal reports. The Canadian lender’s covered bonds were sold in the 144a private placement market.
Joint leads on the transaction include Barclays Capital, Bank of America Merrill Lynch and JP Morgan Chase. The notes carry a coupon rate of 2.625% and are due to mature on Jan. 25, 2016, adds Reuters.
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