Business
BMO First North American Bank to Issue Labelled Indigenous Bond in Support of Indigenous-Owned Businesses and Indigenous Communities
BMO First North American Bank to Issue Labelled Indigenous Bond in Support of Indigenous-Owned Bu...
About this update from Bank Of Montreal
[{"type":"text","content":"\n\n\nBMO First North American Bank to Issue Labelled Indigenous Bond in Support of Indigenous-Owned Businesses and Indigenous Communities\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nTORONTO, Oct. 23, 2025 /CNW/ - BMO today announced the offering of a CAD $200 million 4-year callable (4NC3) Fixed-to-Floating Rate Indigenous Bond and welcomed Cedar Leaf Capital Inc., Canada's first majority Indigenous-owned investment dealer, to the dealer syndicate. Proceeds from the offering will be allocated toward Indigenous-owned enterprises and Indigenous communities, as outlined in BMO's Sustainable Bond Framework (the \"Framework\").\n\"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,\" said Jonathan Hackett, Head of Sustainable Finance, BMO. \"Following in the IBU's footsteps of innovation and developing new solutions for their clients, we are excited to be the first bank in North America to issue a labelled Indigenous Bond to support our work with Indigenous-owned businesses and Indigenous communities.\"\nLeveraging our Sustainable Bond Framework to build solutions \nThe Indigenous Bond is issued pursuant to BMO's Framework, which aligns to BMO's Purpose to Boldly Grow the Good in business and life, for a thriving economy, a sustainable future, and an inclusive society. The Framework defines eligible assets across eleven green, four social, and three transition categories and each category contributes to advancing the UN Sustainable Development Goals and solving global challenges across sustainability and economic empowerment. The Framework is aligned with the International Capital Market Association's (\"ICMA\") Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines, and the Climate Transition Finance Handbook, and BMO obtained a second party opinion from Moody's on the Framework.\nThe offering is expected to close on October 27, ...