Bond Montreal Bank 0% ( US06374VHY56 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374VHY56 ( in USD )
Interest rate	0%
Maturity	20/01/2026
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Minimal amount	/
Total amount	/
Cusip	06374VHY5
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, a venerable Canadian financial institution established in 1817 and recognized as one of the nation's "Big Five" banks with diversified operations spanning personal and commercial banking, wealth management, and capital markets across North America, has issued a specific debt instrument identified by ISIN US06374VHY56 and CUSIP 06374VHY5, which is a USD-denominated obligation maturing on January 20, 2026, currently trading at 100% of its principal value despite carrying a 0% interest rate, with a stated payment frequency of two, indicating it functions as a principal-only repayment mechanism rather than a traditional coupon-bearing bond providing periodic income.