Bond Montreal Bank 0% ( US06369NLL37 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06369NLL37 ( in USD )
Interest rate	0%
Maturity	11/08/2026
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Minimal amount	/
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Cusip	06369NLL3
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 focuses on a specific fixed-income instrument, identified by ISIN US06369NLL37 and CUSIP 06369NLL3. The bond is issued by the Bank of Montreal, one of Canada's premier financial institutions and a prominent player in global banking, headquartered in Canada. Denominated in US Dollars, a defining characteristic of this security is its 0% interest rate, categorizing it as a zero-coupon bond. While zero-coupon bonds are typically issued at a discount to their face value with the investor's return realized through the accretion to par, this particular bond is currently trading at 100% of its par value. This implies that, at its current market price, the bond offers no yield from its present value to its face value at maturity, and investors do not receive periodic interest payments. The bond is set to mature on August 11, 2026. While an indicated payment frequency of 2 is listed, this field does not signify periodic interest distributions given the bond's zero-coupon structure.