Bond Montreal Bank 0% ( XS2081060233 ) in USD

Montreal Bank

100 % ⇌

Canada

XS2081060233 ( in USD )

27/11/2059

Prospectus brochure of the bond Bank of Montreal XS2081060233 en USD 0%, maturity 27/11/2059

200 000 USD

260 000 000 USD

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 Unveils Long-Term Zero-Coupon Bond Issuance Bank of Montreal (BMO), a cornerstone of the Canadian financial landscape and one of the nation's oldest and largest financial institutions, has issued a notable long-term bond, identified by ISIN code XS2081060233. This USD-denominated obligation, originating from Canada, currently trades at 100% of its nominal value on the market. A key characteristic of this instrument is its 0% interest rate, meaning no periodic coupon payments are disbursed to bondholders, despite a listed payment frequency of 2. The total issuance size for this bond amounts to 260,000,000 USD, with a minimum purchase threshold set at 200,000 USD per investor. This particular debt instrument features a distant maturity date of November 27, 2059, positioning it as a very long-term commitment. As the issuer, Bank of Montreal, founded in 1817, commands a significant and diversified presence across personal and commercial banking, wealth management, and capital markets, including its prominent BMO Capital Markets division. With substantial operations extending into the United States through entities like BMO Harris Bank, the institution maintains a robust international footprint. BMO consistently upholds strong credit ratings, reflecting its stability, strategic foresight, and reliability within the global financial sector. This specific bond, with its unique zero-coupon structure and extended maturity, represents a distinct component within BMO's comprehensive debt portfolio, potentially catering to specific investor strategies focused on long-term capital preservation or accretion linked to discount rather than recurring income.