Bond Montreal Bank 0% ( US06374VBH87 ) in USD

Issuer	Montreal Bank
Market price	102.25 % ⇌
Country	Canada
ISIN code	US06374VBH87 ( in USD )
Interest rate	0%
Maturity	02/11/2027
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	/
Total amount	/
Cusip	06374VBH8
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 noteworthy fixed-income instrument issued by Bank of Montreal, a significant Canadian financial institution with a strong presence in global banking and capital markets, is currently circulating in the financial landscape. This bond, identifiable by its International Securities Identification Number (ISIN) US06374VBH87 and CUSIP 06374VBH8, was issued from Canada and is denominated in United States Dollars (USD). It is set to mature on November 2, 2027. A distinctive feature of this particular offering is its 0% coupon rate, which typically categorizes it as a zero-coupon bond, meaning interest is accrued and paid as part of the principal at maturity rather than through periodic distributions. Despite this characteristic, a payment frequency of 2 is indicated in its terms, which might refer to a calculation basis or specific redemption conditions given the absence of traditional coupon payments. The bond is presently trading on the market at 102.25% of its par value. This premium pricing, coupled with its 0% coupon, implies a negative yield to maturity for investors who hold the bond until its maturity date, a characteristic that often signals unique market conditions, specific investor objectives, or embedded features not immediately apparent from the basic data.