Bond Montreal Bank 0% ( US06374VWR31 ) in USD

Issuer	Montreal Bank
Market price	107.95 % ⇌
Country	Canada
ISIN code	US06374VWR31 ( in USD )
Interest rate	0%
Maturity	30/06/2026
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Minimal amount	/
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Cusip	06374VWR3
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 analysis of the debt instrument identified by ISIN US06374VWR31 and CUSIP 06374VWR3, issued by the Bank of Montreal, reveals a USD-denominated bond with a maturity date of June 30, 2026, and a stated interest rate of 0%, characterizing it as a zero-coupon bond that typically pays no periodic interest, with investor returns conventionally derived from the discount at which it is purchased relative to its par value at maturity; however, the bond is currently trading at a premium of 107.95% on the market, implying a negative yield to maturity for purchasers holding to redemption at par, a pricing phenomenon that can occur due to strong demand for safe-haven assets or specific market dynamics, with Bank of Montreal, a Canadian financial giant and one of the nation's "Big Five" banks, standing as the issuer, a highly regarded institution with a robust financial standing and a diversified global presence providing a wide array of banking and financial services, whose strong credit profile underpins the reliability of its debt securities despite the unusual pricing structure, while the indicated payment frequency of '2' would typically refer to semi-annual coupon payments but is non-applicable for interest distributions given the 0% rate.