Bond Montreal Bank 0% ( US06374VRX63 ) in USD

Issuer	Montreal Bank
Market price	114.2 % ⇌
Country	Canada
ISIN code	US06374VRX63 ( in USD )
Interest rate	0%
Maturity	30/10/2026
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Minimal amount	/
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Cusip	06374VRX6
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 analysis focuses on a specific debt instrument, a bond identified by ISIN US06374VRX63 and CUSIP 06374VRX6, issued by the Bank of Montreal, a cornerstone of the Canadian financial landscape. Established in 1817, Bank of Montreal is Canada's oldest bank and one of its "Big Five" financial institutions, offering a comprehensive suite of personal, commercial, and investment banking services across North America and globally, holding significant U.S. operations. This particular obligation, originating from Canada and denominated in USD, is characterized as a zero-coupon bond, meaning it carries a 0% interest rate and thus provides no periodic coupon payments to its holders; instead, investor returns are realized through the difference between its purchase price and its face value at its maturity date of October 30, 2026. The bond is currently trading on the market at a premium of 114.2%, and while a 'payment frequency' of two is listed, this typically signifies semi-annual distributions for coupon-bearing bonds and in this context would relate to the compounding basis for its yield-to-maturity calculation rather than actual cash flows.