Bond Montreal Bank 0% ( US06374VSU16 ) in USD

Issuer	Montreal Bank
Market price	99.23 % ⇌
Country	Canada
ISIN code	US06374VSU16 ( in USD )
Interest rate	0%
Maturity	18/04/2028
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Minimal amount	/
Total amount	/
Cusip	06374VSU1
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 instrument, categorized as a bond and identified by ISIN US06374VSU16 and CUSIP 06374VSU1, was issued by Bank of Montreal, a leading Canadian financial institution and one of the country's 'Big Six' banks, which provides a comprehensive range of banking and financial services globally. Denominated in USD and originating from Canada, this particular bond operates as a zero-coupon instrument, characterized by a stated interest rate of 0% and the absence of periodic coupon payments; its return for investors is derived solely from the difference between its current market price, noted at 99.23% of par, and its full principal value, which will be repaid upon its maturity date of April 18, 2028, with the bond's informational structure also indicating a payment frequency convention of two.