Bond Montreal Bank 0% ( US06374V7K66 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374V7K66 ( in USD )
Interest rate	0%
Maturity	02/10/2026
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Minimal amount	/
Total amount	/
Cusip	06374V7K6
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 detailed financial analysis focuses on a specific debt instrument identified by ISIN US06374V7K66 and CUSIP 06374V7K6, issued by the Bank of Montreal, one of Canada's most prominent and historically significant financial institutions. This U.S. Dollar-denominated obligation, originating from Canada, is currently quoted at 100% of its face value in the market. Set to mature on October 2, 2026, a distinctive feature of this bond is its stated interest rate of 0%, which, combined with its current trading price at par, indicates a zero yield to maturity for investors holding it until its redemption. While lacking periodic coupon payments due to its 0% interest, the bond's terms specify a payment frequency of two, which typically refers to the semi-annual compounding basis used in bond market conventions, even for instruments without explicit coupon disbursements. The issuer, Bank of Montreal (BMO), established in 1817, holds the distinction of being Canada's oldest bank and a globally diversified financial services provider with a substantial presence across North America and beyond. BMO offers a comprehensive suite of banking, wealth management, and capital markets products and services, underpinning the robust creditworthiness and operational stability that characterize its debt issuances, including this particular bond.