Bond Montreal Bank 0% ( US06374VNR32 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374VNR32 ( in USD )
Interest rate	0%
Maturity	01/03/2027
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	/
Total amount	/
Cusip	06374VNR3
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 article details a specific debt instrument, identified as a Bond with ISIN US06374VNR32 and CUSIP 06374VNR3, issued by Bank of Montreal (BMO), one of Canada's oldest and largest financial institutions; founded in 1817, BMO operates as a highly diversified financial services provider with extensive operations spanning personal and commercial banking, wealth management, and capital markets across North America and select global markets, establishing its reputation as a stable and comprehensive entity within the global banking sector. This particular bond, issued from Canada by Bank of Montreal, is currently trading at 100% of its face value in the market and is denominated in United States Dollars (USD); a distinctive characteristic of this security is its 0% interest rate, indicating it functions as a zero-coupon bond, meaning that unlike traditional bonds which distribute periodic interest payments, the investor's return is typically derived from the difference between its discounted purchase price and its par value at maturity, though this specific bond is presently trading at par. The bond is scheduled to mature on March 1, 2027, and while a "payment frequency" of "2" is noted, typically signifying semi-annual payments for coupon-bearing instruments, the inherent zero-coupon nature of this bond means there are no periodic interest distributions, with the sole "payment" event being the principal repayment at its March 2027 maturity date, thus representing a direct claim on the Bank of Montreal offering a defined repayment schedule to investors without the variability of fluctuating coupon payments.