Bond Montreal Bank 0% ( US06369NHM65 ) in USD

Issuer	Montreal Bank
Market price	100.03 % ⇌
Country	Canada
ISIN code	US06369NHM65 ( in USD )
Interest rate	0%
Maturity	17/06/2024 - Bond has expired
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Minimal amount	/
Total amount	/
Cusip	06369NHM6
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. The fixed-income market recently observed the scheduled maturity and full redemption of a specific bond issued by Bank of Montreal, a prominent financial institution based in Canada. As one of Canada's "Big Five" banks, Bank of Montreal (BMO) is a diversified financial services provider with a significant global presence, offering a broad spectrum of banking, wealth management, and capital markets products and services to its clients. This particular fixed-income instrument, identified by ISIN US06369NHM65 and CUSIP 06369NHM6, was denominated in U.S. Dollars (USD) and characterized as a zero-coupon bond, meaning it carried a 0% stated interest rate and was typically issued at a discount to its face value, with investors' returns realized upon maturity at par. The bond, which was issued from Canada, reached its designated maturity date of June 17, 2024. Its last recorded market price prior to maturity stood at 100.03% of its face value, reflecting market sentiment as it neared principal repayment. As confirmed, this obligation has successfully matured and subsequently been redeemed, ensuring the return of principal to its bondholders as per its terms, with a semi-annual payment frequency having been specified despite its zero-coupon structure.