Bond Montreal Bank 0% ( CA06365ZA240 ) in CAD

Issuer	Montreal Bank
Market price	100 % ⇌
Country	Canada
ISIN code	CA06365ZA240 ( in CAD )
Interest rate	0%
Maturity	29/01/2025 - Bond has expired
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Minimal amount	1 000 CAD
Total amount	/
Cusip	06365ZA24
Detailed description	Bank of Montreal (BMO) is a major Canadian multinational bank offering a wide range of financial services including personal and commercial banking, wealth management, and investment banking, operating across North America and internationally. A recently concluded debt instrument, the bond identified by ISIN CA06365ZA240 and CUSIP 06365ZA24, issued by the Bank of Montreal, has successfully reached its maturity date and been fully repaid to investors. This obligation, originating from Canada, exemplified a specific type of fixed-income security within the Canadian financial landscape. The issuer, Bank of Montreal (BMO), stands as a cornerstone of the Canadian banking system, being one of the country's oldest and largest financial institutions. Established in 1817, BMO offers a comprehensive suite of financial services, including personal and commercial banking, wealth management, and capital markets solutions, serving a broad client base across North America and internationally. Its long-standing reputation for stability and financial strength underpins the creditworthiness of its issued debt. This particular bond, denominated in Canadian Dollars (CAD), was characterized by a stated interest rate of 0%. While seemingly unusual, such a characteristic often indicates a zero-coupon bond structure, where investors purchase the bond at a discount to its face value, and their return is realized through the appreciation to par at maturity, rather than through periodic interest payments. The minimum acquisition size for this instrument was set at 1,000 units. Having a maturity date of January 29, 2025, and a payment frequency of one (implying a single principal repayment for a zero-coupon structure), the bond's lifecycle has now completed as per its original terms. Its market price was recorded at 100% at the point of its redemption, confirming that the full principal amount was reimbursed to bondholders upon maturity. This event effectively concludes the issuer's obligation to its bondholders for this specific security, marking a successful and fully realized investment for those who held the instrument until its final settlement.