BMO to Redeem $1 Billion Series K Medium-Term Notes

Bank of Montreal (BMO) announced its intention to redeem all of its $1 billion 1.928% Series K Medium-Term Notes (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness) First Tranche due July 22, 2031. The redemption will take place on July 22, 2026, with the redemption price set at 100% of the principal amount plus accrued and unpaid interest. Interest on the notes will cease to accrue after the redemption date. This redemption has received approval from the Office of the Superintendent of Financial Institutions. BMO Financial Group, the eighth-largest bank in North America, with $1.5 trillion in assets as of April 30, 2026, offers a wide range of financial products and services and is committed to driving positive change.