Bond Montreal Bank 0% ( US06367W2W28 ) in USD

Issuer	Montreal Bank
Market price	100 % ⇌
Country	Canada
ISIN code	US06367W2W28 ( in USD )
Interest rate	0%
Maturity	28/02/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	350 000 USD
Cusip	06367W2W2
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	N/A
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 analysis details a recently matured debt instrument, specifically an obligation (bond) identified by ISIN US06367W2W28 and CUSIP 06367W2W2, which was issued by the Bank of Montreal. The Bank of Montreal, a venerable Canadian financial institution established in 1817 and recognized as one of the nation's "Big Five" banks, provides a comprehensive array of financial services globally, encompassing personal and commercial banking, wealth management, and capital markets solutions. This particular bond, denominated in United States Dollars (USD) and issued from Canada, was structured as a zero-coupon instrument, characterized by a 0% interest rate, signifying no periodic interest payments to investors. It successfully reached its scheduled maturity date on February 28, 2022, at which point it was fully redeemed, with its market price at redemption confirmed at 100% of its nominal value. The total nominal size of this specific issuance was USD 350,000, with a stipulated minimum purchase increment set at USD 1,000. Although a payment frequency of '2' was listed among its attributes, consistent with its zero-coupon structure, this refers to the absence of semi-annual coupon distributions, as the entire return for investors was realized exclusively upon the bond's redemption.