Bond Montreal Bank 0% ( US06374VGZ31 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374VGZ31 ( in USD )
Interest rate	0%
Maturity	18/12/2025
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Minimal amount	/
Total amount	/
Cusip	06374VGZ3
Moody's rating	Aa2 ( High grade - Investment-grade )
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. Bank of Montreal Issues Non-Interest Bearing Bond Maturing 2025, Rated Aa2 by Moody's This financial market report details a specific fixed-income security issued by the Bank of Montreal, identified as a bond. The instrument carries the ISIN code US06374VGZ31 and the CUSIP code 06374VGZ3. Currently, the bond is trading at 100% of its par value in the market, denominated in U.S. Dollars (USD), and is set to mature on December 18, 2025. A notable characteristic of this bond is its 0% interest rate, indicating it is a non-interest bearing security, thereby not providing periodic coupon payments; consequently, the stated payment frequency of two times per year does not pertain to interest distributions for this specific instrument. The issuer, Bank of Montreal, is a prominent Canadian multinational financial services company, founded in 1817 and one of Canada's "Big Five" banks, offering a comprehensive suite of banking, wealth management, and capital markets products and services to a diverse client base across North America and internationally. Its operations are broadly segmented into Personal and Commercial Banking, Wealth Management, and BMO Capital Markets, serving individuals, small businesses, corporate and institutional clients from its country of issuance, Canada. The bond?s robust credit quality is underscored by a rating of Aa2 assigned by Moody's Investors Service, reflecting a high-grade investment with low credit risk, consistent with the issuer's strong financial standing and established market presence as a leading financial institution.