Bond Montreal Bank 0% ( XS2619051837 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	XS2619051837 ( in USD )
Interest rate	0%
Maturity	08/05/2028
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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 financial analysis examines a specific debt instrument, identified by ISIN code XS2619051837, issued by the Bank of Montreal. The Bank of Montreal, commonly known as BMO, stands as one of Canada's largest and oldest financial institutions, established in 1817, and has grown to become a cornerstone of the Canadian banking sector with a significant presence across North America and global operations, offering a comprehensive range of financial services including personal and commercial banking, wealth management, and capital markets. The bond in question is a USD-denominated obligation issued in Canada, set to mature on May 8, 2028. Notably, this instrument carries a 0% interest rate, a characteristic that typically designates it as a zero-coupon bond or indicates its current coupon payment is at zero; despite this 0% coupon, the bond's terms specify a payment frequency of two times per year. Currently, the bond is trading at 100% of its par value on the market, reflecting its specific yield structure and the issuer's strong financial standing.