BMO to raise $3.15 billion in share offering after OSFI move to hike domestic stability buffer

BMO will issue 11,805,000 common shares at a price of $118.60 for total gross proceeds of approximately $1.4 billion. Read more.

BMO announced Monday that it will issue 11,805,000 common shares at a price of $118.60 for total gross proceeds of approximately $1.4 billion as part of the public offering.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.

Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againA concurrent private placement will see the bank issue 14,755,477 common shares at the same price to a number of major institutional investors, including the

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BMO to raise $3.15 billion in share offering after OSFI move to hike domestic stability bufferBMO will issue 11,805,000 common shares at a price of $118.60 for total gross proceeds of approximately $1.4 billion. Read more.
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