Bank of Montreal completes offering of a C$200M 4-year callable Fixed-to-Floating Rate Indigenous Bond

On October 27, 2025, Bank of Montreal (“BMO”) completed an offering of a C$200 million 4-year callable (4NC3) Fixed-to-Floating Rate Indigenous Bond. Proceeds from the offering will be allocated toward Indigenous-owned enterprises and Indigenous communities under BMO’s Sustainable Bond Framework.

The syndicate of dealers includes BMO Capital Markets as lead agent and Cedar Leaf Capital Inc., Canada’s first majority Indigenous-owned investment dealer, as co-manager.

McCarthy Tétrault LLP advised the dealers with a team led by Andrew Parker that included Meghan Zhang (Business).