Bond Montreal Bank 0% ( US06374VWC61 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374VWC61 ( in USD )
Interest rate	0%
Maturity	30/09/2024 - Bond has expired
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Minimal amount	/
Total amount	/
Cusip	06374VWC6
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 informative update details the recent maturity and full repayment of a specific financial instrument: a bond issued by the Bank of Montreal. This obligation, identified by the ISIN US06374VWC61 and CUSIP 06374VWC6, was a U.S. Dollar-denominated security originating from Canada, which reached its maturity date on September 30, 2024. While it featured a 0% interest rate and was historically structured with a semi-annual payment frequency, its current market price at the time of final settlement was 100% of its principal, signifying a complete redemption for its holders. The Bank of Montreal, the issuer of this bond, is a prominent and highly diversified financial services institution headquartered in Canada. Established in 1817, BMO stands as one of North America's largest banks by assets, offering a comprehensive suite of banking, wealth management, and capital markets products and services to personal, commercial, and institutional clients across the globe. The successful and timely repayment of this specific bond underscores the issuer's financial stability and its unwavering commitment to fulfilling its debt obligations, thereby reinforcing market confidence in its issued securities.