Bond Montreal Bank 0% ( US06374VDS25 ) in USD

Issuer	Montreal Bank
Market price	100 % ⇌
Country	Canada
ISIN code	US06374VDS25 ( in USD )
Interest rate	0%
Maturity	17/11/2025
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Minimal amount	/
Total amount	/
Cusip	06374VDS2
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 analysis of the debt capital markets reveals a specific bond issuance identified by ISIN US06374VDS25 and CUSIP 06374VDS2. This financial instrument originates from Canada and is issued by the Bank of Montreal, a cornerstone of the Canadian financial system. Established in 1817, Bank of Montreal holds the distinction of being Canada's first bank and has grown into a multinational investment bank and financial services company, recognized as one of the nation's "Big Five" banks with a robust global presence and extensive asset base. The bond itself is denominated in United States Dollars and is noteworthy for its 0% interest rate, indicating that it does not provide periodic coupon payments; instead, investors receive the full principal at maturity, which is scheduled for November 17, 2025. Despite a listed payment frequency of 2, this characteristic is superseded by the zero-coupon nature of the instrument, meaning no regular interest distributions occur. Currently, the bond is observed to be trading at 100% of its par value on the market.