Bond Montreal Bank 0% ( US06368GXW22 ) in USD

Issuer	Montreal Bank
Market price	88.89 % ⇌
Country	Canada
ISIN code	US06368GXW22 ( in USD )
Interest rate	0%
Maturity	03/08/2028
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Minimal amount	/
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Cusip	06368GXW2
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 deep dive into a debt instrument issued by Bank of Montreal reveals a distinctive investment opportunity: the US06368GXW22 bond, also identified by its CUSIP 06368GXW2, an obligation denominated in USD and issued from Canada by the venerable Bank of Montreal. Bank of Montreal (BMO), a cornerstone of the Canadian financial landscape since its establishment in 1817, stands as one of North America's largest and most diversified financial service providers, offering a comprehensive range of retail banking, wealth management, and capital markets products and services globally. This particular bond, maturing on August 3, 2028, is currently trading on the market at 88.89% of its par value, indicating it is available at a discount. A notable characteristic of this instrument is its stated interest rate of 0%, signifying it is a zero-coupon bond; investors in this type of bond do not receive periodic interest payments but instead realize their return from the difference between the discounted purchase price and the full par value received at maturity, effectively embedding the interest within the principal repayment, thus rendering the "payment frequency" parameter as not applicable to periodic coupon distributions.