05:10 PM EDT, 10/23/2025 (MT Newswires) -- Bank of Montreal ( BNKD ) on Thursday said it will raise $200 million in an offering of Indigenous Bonds with a four-year fixed-to-floating rate issue, with proceeds directed toward Indigenous-owned businesses and Indigenous communities across Canada.

The move makes BMO the first bank in North America to do so. Under the terms of the offering, the bank has enlisted Cedar Leaf Capital Inc., the first majority-Indigenous-owned investment dealer in Canada, as part of the dealer syndicate, signaling a deeper engagement with Indigenous financial firms. The bank stated that the offering is expected to close on Oct. 27.

"For more than thirty years, BMO's Indigenous Banking Unit (IBU) has worked closely with Indigenous communities and clients across Canada, helping to advance economic independence and providing support as they shape their futures", Jonathan Hackett, Head of Sustainable Finance, said.

Shares of Bank of Montreal ( BNKD ) closed up $0.36 to $176.12 on the Toronto Stock Exchange.