Bond Montreal Bank 0% ( US06374VBN55 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374VBN55 ( in USD )
Interest rate	0%
Maturity	31/10/2023 - Bond has expired
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Minimal amount	/
Total amount	/
Cusip	06374VBN5
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 financial instrument identified by ISIN US06374VBN55 and CUSIP 06374VBN5, issued by the Bank of Montreal, has successfully reached its maturity date of October 31, 2023, and has been fully redeemed. This particular obligation, denominated in USD and issued from Canada, concluded its lifecycle with a final market price reflecting 100% of its par value, confirming its repayment at face value to bondholders. The Bank of Montreal (BMO), the issuer of this bond, stands as one of Canada's largest and oldest financial institutions, established in 1817. With its headquarters in Montreal, Quebec, BMO is a diversified North American financial services provider, offering a wide array of personal and commercial banking, wealth management, and capital markets products and services globally, serving millions of customers through its extensive network and digital platforms. Notably, this bond was characterized by a 0% interest rate, suggesting it was structured as a zero-coupon instrument, where the investor's return would have been realized through the difference between its original discounted purchase price and its full par redemption, rather than through periodic interest payments, despite an indicated payment frequency of two. Its timely redemption ensures that all principal obligations have been met by the issuer.