Bond Montreal Bank 0% ( US06374VL873 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374VL873 ( in USD )
Interest rate	0%
Maturity	30/01/2026
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Minimal amount	/
Total amount	/
Cusip	06374VL87
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. The financial market is currently tracking a distinct debt instrument issued by Bank of Montreal, identified by ISIN US06374VL873 and CUSIP 06374VL87. As one of Canada's oldest and largest financial institutions, Bank of Montreal (BMO) boasts a robust balance sheet and a diversified business model spanning personal and commercial banking, wealth management, and capital markets operations, providing a solid foundation for its debt issuances. Originating from Canada, this particular bond is denominated in United States Dollars (USD), positioning it as an attractive option for investors seeking exposure to a highly rated Canadian issuer within the liquid USD market. The bond is presently trading at 100% of its face value, reflecting its current market valuation. Notably, this instrument carries a 0% interest rate, classifying it as a zero-coupon bond. In this structure, investors do not receive periodic interest payments; instead, the return on investment is generated from the difference between the discounted purchase price and the full principal amount received at its maturity on January 30, 2026. While the provided data indicates a 'payment frequency' of 2, for a zero-coupon bond, this typically refers to a nominal or reporting frequency rather than actual semi-annual interest distributions, as the nature of a zero-coupon bond is to accrue value over time without intermediate cash flows until maturity.