Bond Montreal Bank 0% ( US06374VEE20 ) in USD

Issuer	Montreal Bank
Market price	167.43 % ⇌
Country	Canada
ISIN code	US06374VEE20 ( in USD )
Interest rate	0%
Maturity	23/11/2027
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Cusip	06374VEE2
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. This financial article details a specific fixed-income instrument issued by the Bank of Montreal, a prominent Canadian financial institution established in 1817 and widely recognized as one of Canada's "Big Five" banks, offering a comprehensive range of personal, commercial, and investment banking services globally. The debt security in question, identified by its unique ISIN US06374VEE20 and CUSIP 06374VEE2, originates from Canada, reflecting the issuer's primary jurisdiction. Denominated in U.S. Dollars (USD), this bond is characterized by a zero-coupon structure, meaning it yields no periodic interest payments to investors throughout its duration, with all returns realized through the difference between the purchase price and the principal amount received at maturity or upon sale. The bond is set to mature on November 23, 2027, and is currently observed to be trading on the market at a significant premium, quoted at 167.43% of its par value.