Bond Montreal Bank 0% ( US06374VSM99 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374VSM99 ( in USD )
Interest rate	0%
Maturity	06/04/2027
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Minimal amount	/
Total amount	/
Cusip	06374VSM9
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 detailed examination of a particular debt instrument reveals the defining features of a bond issued by Bank of Montreal, a distinguished Canadian financial institution founded in 1817, widely recognized for its extensive range of banking, wealth management, and capital markets services provided across North America and internationally, standing as one of Canada's largest and most established banks. This specific security, identified by the International Securities Identification Number (ISIN) US06374VSM99 and its CUSIP code 06374VSM9, is a U.S. dollar-denominated obligation issued from Canada, currently quoted on the market at its par value of 100%. Notably, this instrument is structured as a zero-coupon bond, characterized by a stated interest rate of 0%, which implies that it does not provide periodic interest disbursements but instead is purchased at a discount, with the investor's return accruing and realized solely upon its redemption at face value on the maturity date of April 6, 2027.