Bond Montreal Bank 0% ( US06374VLP93 ) in USD

Issuer	Montreal Bank
Market price	112.44 % ⇌
Country	Canada
ISIN code	US06374VLP93 ( in USD )
Interest rate	0%
Maturity	26/02/2027
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Cusip	06374VLP9
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. This bond, identified by ISIN US06374VLP93 and CUSIP 06374VLP9, is a USD-denominated, zero-coupon obligation issued by the Bank of Montreal, a globally recognized and highly-rated Canadian financial institution founded in 1817 and among Canada's largest and oldest banks, which, despite a stated payment frequency of 2 (implying semi-annual basis for discount accrual), provides its return through capital appreciation to its February 26, 2027 maturity date, and currently trades at 112.44% in the market, benefiting from an 'Aa2' credit rating from Moody's reflecting the issuer's robust financial standing.