Bank of Montreal (BMO) has raised $1.1 billion through the sale of senior unsecured notes, The Wall Street Journal reports. The bank intends to use the proceeds for general corporate purposes and to help fund its proposed $4.1 billion acquisition of Milwaukee-based regional bank, Marshall & Ilsley. The bank sold $600 million and $500 million notes, both are scheduled to mature in 2014. The sale was led by BMO Capital Markets, Barclays Capital, Goldman Sachs and JP Morgan Chase.
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