Bank of Montreal’s $1.25 Billion Subordinated Notes Offering

Shearman & Sterling represented BMO Capital Markets, Citigroup Global Markets, Goldman Sachs & Co. LLC and UBS Securities, as lead underwriters, and HSBC Securities, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, J.P. Morgan Securities, Morgan Stanley & Co., Barclays Capital, Credit Suisse Securities and Desjardins Securities, as co-managers, in connection with Bank of Montreal’s registered public offering of $1.25 billion aggregate principal amount of its 3.803% subordinated notes due 2032 (Non-Viability Contingent Capital (NVCC)).

Established in 1817 and based in Canada, Bank of Montreal serves more than 12 million personal, commercial, corporate and institutional customers in North America and internationally.

The Shearman & Sterling team included partners Jason Lehner (Picture) (Toronto/New York-Capital Markets) and Laurence Crouch (Menlo Park – Tax); counsel Kevin Roggow (Toronto-Capital Markets); and associates Ryan Robski (Toronto-Capital Markets) and Emalie Sundale (Menlo Park-Tax).


Involved fees earner: Jason Lehner – Shearman & Sterling; Kevin Roggow – Shearman & Sterling; Ryan Robski – Shearman & Sterling; Laurence Crouch – Shearman & Sterling; Emalie Sundale – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Barclays Capital; Citigroup Global Markets Ltd; Goldman, Sachs & Co.; HSBC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; Credit Suisse Securities Limited; JP Morgan Securities; Desjardins Securities Inc.; BMO Capital Markets; Wells Fargo Securities; UBS Securities LLC;



Author: Ambrogio Visconti