Bond Montreal Bank 0% ( US06374VQ823 ) in USD
Issuer | Montreal Bank |
Market price | 109.51 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 0% |
Maturity | 07/10/2024 - Bond has expired |
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Minimal amount | / |
Total amount | / |
Cusip | 06374VQ82 |
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. Identified by ISIN US06374VQ823 and CUSIP 06374VQ82, this particular bond, issued from Canada by the Bank of Montreal?a leading Canadian financial institution with an Aa2 credit rating from Moody's reflecting its robust financial standing?was a USD-denominated zero-coupon security which, despite a reported payment frequency of two, carried a 0% interest rate, meaning investor returns were derived from the discount at which it was acquired against its face value rather than from periodic interest disbursements, and which, having last traded at 109.51%, reached its maturity on October 7, 2024, and has since been fully repaid. |