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Bonds•17 April 2026•

1 min read

Bank of Montreal Issues £1 Billion in Covered Bonds to Diversify Funding

Key Facts

1Bank of Montreal (BMO) issued £1 billion in floating rate covered bonds due in April 2029.

2The bonds will be traded in the UK under the bank's global covered bond program.

Bank of Montreal (BMO) has successfully issued £1 billion in floating rate covered bonds maturing in April 2029. The bonds are issued under the bank’s global covered bond program and will be traded in the United Kingdom. This strategic issuance aims to diversify BMO's funding sources and strengthen its footprint across European capital markets. The transaction highlights strong institutional demand for high-grade, secured debt instruments issued by major financial institutions. By tapping into the sterling market, BMO enhances its liquidity profile and manages its international capital structure efficiently. While the move is a significant capital raising exercise, it represents a standard funding strategy for a bank of its scale.