Bond Montreal Bank 0% ( US06374VRB44 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374VRB44 ( in USD )
Interest rate	0%
Maturity	04/05/2026
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Minimal amount	1 000 USD
Total amount	3 823 000 USD
Cusip	06374VRB4
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. A specific debt instrument issued by the Bank of Montreal, identified by ISIN US06374VRB44 and CUSIP 06374VRB4, is currently available on the market, offering investors exposure to a major Canadian financial institution. Bank of Montreal (BMO), a prominent member of Canada's 'Big Five' banks, stands as one of the largest financial institutions in North America, boasting a rich history dating back to 1817 and providing a wide array of banking, wealth management, and capital markets services across global operations. This particular bond, issued out of Canada and denominated in US Dollars, carries a maturity date of May 4, 2026. Notably, it features a 0% interest rate, classifying it as a zero-coupon instrument, where investors typically realize returns from the difference between its discounted purchase price and its face value at maturity. However, the current market price is listed at 100% of its face value, which, in conjunction with its zero-coupon nature, implies a zero yield to maturity if acquired at this price point and held until its May 2026 maturity. The total size of this bond issue amounts to $3,823,000, with a minimum purchase amount set at $1,000, enhancing its accessibility for various investor profiles, while the indicated payment frequency of 2, typically referring to semi-annual coupon distributions, holds no direct relevance for cash interest payments on this specific zero-coupon bond.