Bond Montreal Bank 0% ( US06374V6K75 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374V6K75 ( in USD )
Interest rate	0%
Maturity	30/09/2025
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Minimal amount	/
Total amount	/
Cusip	06374V6K7
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. An assessment of fixed-income instruments reveals the specific details of a bond issued by the Bank of Montreal (BMO), identified by ISIN US06374V6K75 and CUSIP 06374V6K7. This obligation, denominated in USD, holds a maturity date of September 30, 2025. A notable characteristic of this particular bond is its explicit zero-coupon structure, indicated by a stated interest rate of 0%. While the market price is currently listed at 100% of its par value, this implies that investors purchasing the bond at this price point and holding it until maturity will experience a zero yield. Typically, zero-coupon bonds are acquired at a discount, with the return generated upon receiving the full face value at redemption; however, the current market observation suggests a different dynamic for this specific offering. Despite the inclusion of a semi-annual payment frequency (2) in the bond's descriptive data, no periodic interest payments are disbursed given its zero-coupon status. The issuer, Bank of Montreal, is a venerable Canadian multinational investment bank and financial services company. Established in 1817, BMO holds the distinction of being Canada's oldest bank, maintaining a significant presence across various global financial markets, including substantial operations in the United States. As one of Canada's 'Big Five' banks, BMO is a systemically important financial institution, underpinning its role as a consistent and reliable issuer in the debt capital markets. The bond's issuance country is Canada, aligning with the issuer's primary domicile, reinforcing its sovereign and regulatory environment context within the global financial landscape.