Bond Montreal Bank 0% ( US06374VTP12 ) in USD
Issuer | Montreal Bank |
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ISIN code |
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Interest rate | 0% |
Maturity | 02/06/2026 |
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Minimal amount | / |
Total amount | / |
Cusip | 06374VTP1 |
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, bears the ISIN US06374VTP12 and CUSIP 06374VTP1, and is currently quoted on the market at 97.425% of its face value, denominated in USD. Characterized by a zero-percent interest rate, this security, maturing on June 2, 2026, functions as a zero-coupon bond, implying that while a payment frequency of two is indicated, no periodic coupon payments will be disbursed, with investor returns derived solely from the difference between the discounted purchase price and the par value received at maturity. The issuer of this debt obligation is the Bank of Montreal, a venerable and significant financial institution headquartered in Canada, where this particular bond was also issued. |