Bank of Montreal sells C$1.25 bln of floating rate notes-term sheet

Wed Jun 19, 2013 4:36pm EDT
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June 19 (Reuters) - Bank Of Montreal on Wednesday sold C$1.25 billion ($1.23 billion) of monthly floating-rate deposit notes, according to a term sheet seen by Reuters.

The notes, due June 20, 2014, were sold at 17 basis points over the one-month Canadian Dealer Offered Rate.

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