Bond Montreal Bank 0% ( US06375M5R26 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06375M5R26 ( in USD )
Interest rate	0%
Maturity	05/08/2025
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Minimal amount	/
Total amount	/
Cusip	06375M5R2
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 in-depth analysis of the debt instrument, formally categorized as a Bond and identifiable by ISIN US06375M5R26 and CUSIP 06375M5R2, reveals an issuance by Bank of Montreal, a venerable Canadian financial institution established in 1817 and recognized as one of the nation's "Big Five" banks, which commands a substantial presence across personal and commercial banking, wealth management, and capital markets sectors throughout North America and globally, with this particular security originating from Canada and denominated in USD, currently trading at 100% of its face value, notably structured as a zero-coupon bond carrying a 0% interest rate, thereby implying no periodic interest payments and consequently offering a 0% yield to maturity if held until its scheduled redemption on August 5, 2025, notwithstanding its stated payment frequency of 2 which, in this context, signifies a basis for potential yield calculation rather than actual coupon distributions.