These are the details of the selected bond:
- Issuer: Bank of Montreal
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (Fitch) AAA (DBRS)
- Amount: EUR1,500m
- Maturity date: 21 January 2031
- Re-offer price: 99.945
- Coupon: 2.75%
- Swap spread: 24bp
- Government spread: 36.2bp
- Pricing date: 12 January 2026
- Settlement date: 21 January 2026
- Bookrunners: BMO, Danske, DZ, Erste, Helaba, ING, Natixis
- Country: Canada
- ISIN: XS3273186083
- Collateral type: Mortgage
- The CBR bond ID: 3272
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR6.45bn (inc. EUR450m JLMs) with over 140 accounts. Bank treasuries/private banks 37%, fund managers 33%, central banks/official institutions 26%, others 4%. Germany/Austria/Switzerland 39%, Nordics 16%, UK/Ireland 12%, France 9%, Benelux 9%, southern Europe 6%, others 9%.
