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ItalianoBond Montreal Bank 0% ( US06374VQ336 ) in USD
| Issuer | Montreal Bank |
| Market price | 114.18 % ⇌ |
| Country |  Canada
|
| ISIN code |
 US06374VQ336 ( in USD )
|
| Interest rate | 0% |
| Maturity | 06/05/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | / |
| Total amount | / |
| Cusip | 06374VQ33 |
| 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 provides an overview of a specific debt instrument issued by Bank of Montreal, a venerable Canadian financial institution established in 1817 and recognized as one of the country's largest and oldest banks, offering a comprehensive suite of banking, wealth management, and capital markets services globally. The bond, identified by ISIN US06374VQ336 and CUSIP 06374VQ33, was a USD-denominated obligation issued from Canada. A distinctive feature was its zero-coupon structure, meaning it carried a 0% interest rate and did not provide periodic coupon payments; its returns for investors typically accrued from the discount at which it was initially purchased relative to its par value. Prior to its maturity, the bond was observed trading at 114.18% of its principal amount. The instrument reached its scheduled maturity date on May 6, 2024, and has subsequently been fully redeemed by the issuer, concluding its term within the fixed-income market. |