Bond Montreal Bank 0% ( US06374VUC89 ) in USD

Issuer Montreal Bank
Market price 107.01 %  ⇌ 
Country  Canada
ISIN code  US06374VUC89 ( in USD )
Interest rate 0%
Maturity 05/12/2024 - Bond has expired



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Cusip 06374VUC8
Moody's rating Aa2 ( High grade - Investment-grade )
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 analysis details the recently matured USD-denominated bond, identified by ISIN US06374VUC89 and CUSIP 06374VUC8, which was issued by the Bank of Montreal, a venerable Canadian financial institution founded in 1817 and recognized as one of Canada's "Big Five" banks with extensive operations across personal and commercial banking, wealth management, and capital markets in Canada and the United States; this zero-coupon instrument, originating from Canada, featured an interest rate of 0%, a specified payment frequency of 2, and reached its maturity on December 5, 2024, at which point it was fully redeemed, having been historically observed trading at a market price of 107.01% and holding a robust Aa2 credit rating from Moody's.