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Bank of Montreal (94DW)


Friday 14 January, 2022

Bank of Montreal

Pre -Stabilisation Notice - IFC

RNS Number : 5363Y
Bank of Montreal
14 January 2022

pre-Stabilisation Announcement

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

International Finance Corporation

Pre-Stabilisation Notice

Bank of Montreal, London Branch (contact: Edward Mizuhara; telephone: +44 20 7664 8062) hereby gives notice that the Stabilising Manager named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to stabilisation measures, in each case as it forms part of retained EU law by virtue of the European Union (Withdrawal) Act 2018.


The securities:


International Finance Corporation

Guarantor (if any):


Aggregate nominal amount:

CAD 500,000,000


CAD 500,000,000 principal amount of Global Medium-Term Notes, 1,850 per cent. Notes due 28 January 2027, to be issued on 28 January 2022

Offer price:


Other offer terms:





Stabilising Manager:

Bank of Montreal, London Branch

Stabilisation period expected to start on:

13 January 2022

Stabilisation period expected to end no later than:

30 days after the proposed issue date of the securities

Existence, maximum size and conditions of use of over-allotment facility:

The Stabilising Manager may over-allot the securities to the extent permitted in accordance with applicable law.

In connection with the offer of the above securities, the Stabilising Manager may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager will take any stabilisation action and any stabilisation action, if begun, may be ended at any time. Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This material was produced by Bank of Montreal, London Branch, a firm authorised by the Prudential Regulation Authority and regulated by The Financial Conduct Authority and the Prudential Regulation Authority. This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with Regulation (EU) 2017/1129 (the "Prospectus Regulation") (or which has been approved by a competent authority in another Member State or the and notified to the competent authority in that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

Under Rule 15c6-1 of the U.S. Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to the delivery of the notes will be required, by virtue of the fact that the notes initially will not settle in T+2, to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement and should consult their own advisor.

The issuer has filed a registration statement (including a prospectus, dated November 3, 2020 (the "Prospectus") and the Prospectus Supplement) with the SEC for the offering to which this announcement relates. Before you invest, you should read the Prospectus and the Prospectus Supplement in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the Prospectus and the Prospectus Supplement if you request it by calling Bank of Montreal, London Branch at +(44) 0(20) 7664 8062 or Scotiabank Europe plc at +1-800-472-6842.

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