Bank of Montreal sells C$1.5 bln notes - term sheet

Thu Dec 6, 2012 4:32pm EST
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Dec 6 (Reuters) - Bank of Montreal on Thursday sold C$1.5 billion ($1.52 billion) of five-year debt, according to a term sheet seen by Reuters.

The 2.24 percent notes, due Dec. 11, 2017, were priced at 99.976 to yield 2.245 percent or 99.9 basis points over the Canadian government benchmark.

The investment dealer arm of Bank of Montreal was the bookrunning manager of the sale.