Bond Montreal Bank 13.4% ( XS2623495947 ) in USD

Issuer	Montreal Bank
Market price	100 % ⇌
Country	Canada
ISIN code	XS2623495947 ( in USD )
Interest rate	13.4% per year ( payment 2 times a year)
Maturity	14/06/2023 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 USD
Total amount	/
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 analysis of a recently matured debt instrument, identified by ISIN XS2623495947, confirms its successful redemption. This particular bond was issued by the Bank of Montreal, a venerable Canadian multinational investment bank and financial services company headquartered in Montreal, Quebec, and recognized as one of Canada's "Big Five" banks. The security, originating from Canada, was denominated in United States Dollars (USD) and featured a notable fixed interest rate of 13.4% per annum, with interest payments structured to occur twice a year, indicative of semi-annual distributions. This bond reached its maturity date on June 14, 2023, at which point it was redeemed at its par value, recorded as 100% of its principal, having fulfilled its obligations to investors. The minimum initial purchase size stipulated for this instrument was 1,000 units.