Bank of Montreal announced the issuance of $2 billion Senior Medium-Term Notes, Series I, with a fixed interest rate of 5.60% per annum, maturing on January 10, 2035. The notes will be issued at $1,000 per note with semi-annual interest payments commencing July 10, 2025.The notes are redeemable by the bank in whole, but not in part, at 100% of principal plus accrued interest. They are classified as bail-inable notes, subject to conversion into common shares under Canadian bank resolution powers. BMO Capital Markets Corp. will receive an underwriting discount of $10 per note, with total proceeds to the bank of $1.98 billion.The notes will not be listed on any securities exchange and no secondary market is expected to develop. They are subject to the bank's credit risk and are not insured by the Federal Deposit Insurance Corporation or Canada Deposit Insurance Corporation.

Bank of Montreal announced the issuance of $2 billion Senior Medium-Term Notes, Series I, with a fixed interest rate of 5.60% per annum, maturing on January 10, 2035. The notes will be issued at $1,000 per note with semi-annual interest payments commencing July 10, 2025.The notes are redeemable by the bank in whole, but not in part, at 100% of principal plus accrued interest. They are classified as bail-inable notes, subject to conversion into common shares under Canadian bank resolution powers. BMO Capital Markets Corp. will receive an underwriting discount of $10 per note, with total proceeds to the bank of $1.98 billion.The notes will not be listed on any securities exchange and no secondary market is expected to develop. They are subject to the bank's credit risk and are not insured by the Federal Deposit Insurance Corporation or Canada Deposit Insurance Corporation.