Bond Montreal Bank 0% ( US06375M2H70 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06375M2H70 ( in USD )
Interest rate	0%
Maturity	19/07/2027
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Minimal amount	/
Total amount	/
Cusip	06375M2H7
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. Bank of Montreal (BMO) Bond Analysis: Understanding the US06375M2H70 Fixed-Income Instrument This analysis focuses on a specific fixed-income instrument issued by the Bank of Montreal (BMO), identified by ISIN US06375M2H70 and CUSIP 06375M2H7. This bond, originating from Canada, represents a direct obligation of one of North America's oldest and largest financial institutions. The bond is denominated in United States Dollars (USD) and is set to mature on July 19, 2027. A key characteristic of this instrument is its stated interest rate of 0%, meaning it carries no periodic coupon payments. Despite this, the payment frequency is listed as semi-annual (2 times per year), a common convention for bond calculations even when no cash coupons are disbursed. The bond is currently trading at 100% of its face value on the market. Bank of Montreal, commonly known as BMO, is one of Canada's "Big Five" banks, established in 1817. Headquartered in Montreal, Quebec, and with extensive operations across Canada and the United States, BMO offers a wide range of personal and commercial banking, wealth management, and investment banking products and services. As a systemically important financial institution, BMO maintains a robust financial standing and plays a significant role in the global financial landscape, underpinning the creditworthiness of its issued debt instruments. This particular bond issued by Bank of Montreal, with its US dollar denomination, July 2027 maturity, 0% coupon rate, and current market price at par, presents a distinct profile within the fixed-income market. Its characteristics are precisely defined by its identification codes (ISIN US06375M2H70, CUSIP 06375M2H7) and its issuer, Bank of Montreal, a cornerstone of the Canadian financial sector.