Bond Montreal Bank 0% ( US06374VH582 ) in USD

Issuer	Montreal Bank
Market price	141.59 % ▲
Country	Canada
ISIN code	US06374VH582 ( in USD )
Interest rate	0%
Maturity	03/12/2025
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Cusip	06374VH58
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 analysis focuses on a specific debt instrument issued by the Bank of Montreal, a prominent Canadian financial institution. The Bank of Montreal, established in 1817, is one of Canada's oldest and largest diversified financial services providers, with a strong presence across North America and global operations encompassing personal and commercial banking, wealth management, and capital markets; its robust market position and extensive operational history underpin the creditworthiness of its issued debt. The bond in question is identified by ISIN US06374VH582 and CUSIP 06374VH58. Denominated in US Dollars (USD) and issued from Canada, this particular security is characterized as a zero-coupon bond, indicated by its 0% interest rate, meaning investors do not receive periodic interest payments but instead realize their return from the difference between the bond's purchase price and its face value, which is paid upon maturity. The bond is scheduled to mature on December 3, 2025. Currently, the market price for this instrument stands at 138.19% of its par value, signifying it is trading at a substantial premium. Although a payment frequency of '2' is stated, which generally indicates semi-annual payments for coupon-bearing bonds, for a zero-coupon bond like this one, no recurring interest disbursements are made, with the principal repayment being the sole cash flow event at maturity.