Bond Montreal Bank 0% ( XS1238163403 ) in USD

Issuer	Montreal Bank
Market price	100 % ⇌
Country	Canada
ISIN code	XS1238163403 ( in USD )
Interest rate	0%
Maturity	25/05/2045
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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 long-term debt instrument, identified by its ISIN XS1238163403, is a bond issued by the Bank of Montreal, a globally recognized and systemically important Canadian multinational investment bank and financial services company headquartered in Montreal, Quebec, and Toronto, Ontario, and one of Canada's "Big Five" banks. Originating from Canada, this U.S. Dollar-denominated bond is currently trading at 100% of its par value and features a 0% interest rate, categorizing it as a zero-coupon bond where investors' returns are derived solely from the difference between the purchase price and the redemption value at maturity, rather than periodic interest payments. With a distant maturity date of May 25, 2045, this security offers a long-term investment horizon, and its stated payment frequency of '1' reinforces the structure where the principal repayment is the singular payment event occurring at the aforementioned maturity.