Bond Montreal Bank 0% ( US06375M6L47 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06375M6L47 ( in USD )
Interest rate	0%
Maturity	05/09/2025
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Minimal amount	/
Total amount	/
Cusip	06375M6L4
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 a specific debt instrument, an unrated bond identified by ISIN US06375M6L47 and CUSIP 06375M6L4, issued by the Bank of Montreal. This security, which originated in Canada, is currently valued at par, trading at 100% of its face value, and is denominated in U.S. Dollars. A distinctive feature of this bond is its 0% interest rate, classifying it as a zero-coupon bond, meaning investors do not receive periodic interest payments; instead, the bond is typically acquired at a discount to its face value, with the investment appreciating to par by its maturity date on September 5, 2025. While the provided data indicates a payment frequency of 2, it is crucial to note that for a zero-coupon bond with a 0% interest rate, no periodic interest payments are made; the investment accrues value through the discount at which it is purchased, with the full principal amount repaid at maturity. The issuer, Bank of Montreal, is one of Canada's oldest and largest diversified financial services institutions, offering a comprehensive range of products and services including personal and commercial banking, wealth management, and capital markets globally, underlining the institutional creditworthiness backing this particular debt instrument.