05:07 PM EDT, 08/12/2024 (MT Newswires) -- Bank of Montreal ( BERZ ) Monday said it will redeem all of its $1 billion Series J Medium-Term Notes (Non-Viability Contingent Capital [NVCC]), First Tranche due Sept. 17, 2029.

The redemption will occur Sept. 17. The Notes are redeemable at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but excluding, the Redemption Date.

Interest on the Notes will cease to accrue on and after the Redemption Date.