Bond Montreal Bank 0% ( US06374VFG68 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374VFG68 ( in USD )
Interest rate	0%
Maturity	29/01/2024 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	/
Total amount	/
Cusip	06374VFG6
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 report details the recent maturity and redemption of a specific debt instrument issued by the Bank of Montreal. The bond, uniquely identified by ISIN US06374VFG68 and CUSIP 06374VFG6, was a USD-denominated obligation, originating from Canada. Bank of Montreal, officially known as BMO Financial Group, is a cornerstone of the Canadian financial landscape, being one of the country's oldest and largest financial institutions, founded in 1817. BMO provides a comprehensive suite of banking, wealth management, and capital markets products and services to a diverse client base across North America and globally, underscoring its significant presence in international finance. This particular bond was characterized by a 0% interest rate, signifying its design as a zero-coupon instrument where investors typically acquire the bond at a discount to its face value, with the return generated upon its redemption at par rather than through periodic coupon payments, regardless of a listed payment frequency of 2. The bond successfully reached its maturity on January 29, 2024. At the point of maturity, its market price stood at 100% of its face value, confirming its full redemption. This event signifies the timely fulfillment of the Bank of Montreal's obligation to its bondholders for this security, with principal repayment now completed.