Bond Montreal Bank 0% ( US06374VT975 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374VT975 ( in USD )
Interest rate	0%
Maturity	29/10/2026
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Minimal amount	/
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Cusip	06374VT97
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. An examination of the fixed-income landscape highlights a specific bond issuance from the Bank of Montreal (BMO), a venerable Canadian financial institution established in 1817, recognized as one of North America's largest banks offering a comprehensive suite of banking, wealth management, and capital markets products and services across various global markets. This particular U.S. Dollar-denominated debt instrument, identified by ISIN US06374VT975 and CUSIP 06374VT97, is currently trading at 100% of its par value on the market and is set to mature on October 29, 2026. A key characteristic of this Canadian-issued bond is its stated 0% interest rate, meaning it does not disburse periodic coupon payments to bondholders; consequently, despite a reported payment frequency of 2, this bond's design implies no recurring yield payments, with an investor's return solely tied to the principal repayment at maturity or any potential discount from par at acquisition.