Bond Montreal Bank 0% ( US06367CYG67 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06367CYG67 ( in USD )
Interest rate	0%
Maturity	06/10/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	50 000 000 USD
Cusip	06367CYG6
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. This financial article details a specific fixed-income instrument: a bond identified by its ISIN US06367CYG67 and CUSIP 06367CYG6. The issuer of this bond is the Bank of Montreal (BMO), a prominent financial institution headquartered in Canada. Established in 1817, BMO stands as one of Canada's "Big Five" banks, offering a comprehensive range of financial products and services, including personal and commercial banking, wealth management, and capital markets solutions, serving millions of customers across North America and globally. This particular bond, denominated in US Dollars (USD), featured a distinctive characteristic: a zero percent interest rate, indicating it was likely issued as a zero-coupon bond. The total aggregate size of this issuance was 50,000,000 USD, with a minimum purchase increment set at 1,000 USD. While a payment frequency of 2 was specified, the zero-coupon nature implies no periodic interest payments were disbursed. The bond was issued from Canada, reflecting BMO's country of domicile. Its maturity date was definitively set for October 6, 2023. As of the current assessment, this fixed-income security has successfully reached its scheduled maturity and has consequently been fully repaid to its bondholders at a market price of 100% of its principal value, signifying that the obligation has been satisfied.