8th Jun 2016 09:00
Pre-stabilisation announcement
8 June 2016
Not for distribution, directly or indirectly, in or into the United States (other than to "Qualified Institutional Buyers" within the meaning of Rule 144A of the U.S. Securities Act of 1933, as amended or any jurisdiction in which such distribution would be unlawful.
Bank of Montreal (BMO)
Stabilisation Notice
Barclays Bank PLC (contact: Barclays debt syndicate desk; telephone: +44 20 7773 9098) hereby gives notice, as the manager coordinating stabilisation, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).
The securities: | |
Issuer: | Bank of Montreal (BMO) |
Guarantor (if any): | BMO Covered Bond Guarantor LP |
Aggregate nominal amount: | USD Benchmark |
Description: | Canadian legislative covered bond - residential mortgages |
Offer price: | TBC |
Stabilisation: | |
Stabilisation Manager(s): | Barclays Bank PLC BAML BMO HSBC JPM |
Stabilisation period expected to start on: | 8 June 2016 |
Stabilisation period expected to end no later than: | 8 July 2016 |
Existence, maximum size and conditions of use of over-allotment facility. | The Stabilisation Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law. |
In connection with the offer of the above securities, the Stabilisation Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilisation Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended at any time. Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.
Related Shares:
96ES.L