Bond Montreal Bank 0% ( US06374V3R55 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374V3R55 ( in USD )
Interest rate	0%
Maturity	05/10/2027
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Minimal amount	/
Total amount	/
Cusip	06374V3R5
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 bond issued by the Bank of Montreal (BMO), one of Canada's "Big Five" financial institutions renowned for its extensive operations spanning personal and commercial banking, wealth management, and capital markets across North America, is currently available at 100% of its face value, identified by ISIN US06374V3R55 and CUSIP 06374V3R5. This USD-denominated instrument, originating from Canada, is structured as a zero-coupon bond, meaning it carries no stated interest rate and is designed to provide returns through its discount from face value, with its principal payment due at maturity on October 5, 2027, despite a stated semi-annual payment frequency which is characteristic of traditional coupon bonds but not applicable for cash distributions on this zero-coupon security.