Bond Montreal Bank 0% ( US06374VS720 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374VS720 ( in USD )
Interest rate	0%
Maturity	20/04/2026
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Minimal amount	/
Total amount	/
Cusip	06374VS72
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 noteworthy financial instrument in the market is the bond identified by ISIN US06374VS720 and CUSIP 06374VS72, issued by the Bank of Montreal, a venerable Canadian financial institution established in 1817 and recognized as one of the nation's 'Big Five' banks with a comprehensive global presence in banking, wealth management, and capital markets; this particular USD-denominated fixed-income security, issued from Canada, is structured as a zero-coupon bond, meaning it carries a 0% interest rate and thus provides no periodic coupon payments, with investor returns solely derived from the difference between its purchase price and its face value upon its scheduled maturity on April 20, 2026, and is currently quoted at 100% of its face value in the market.