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.
A specific fixed-income instrument, identified by ISIN US06367WA290 (CUSIP: 06367WA29), reached its maturity date on May 28, 2021, and has since been fully repaid. This bond was issued by the Bank of Montreal, a prominent financial institution headquartered in Canada. Established in 1817, the Bank of Montreal (BMO) is one of Canada's oldest and largest banks, offering a comprehensive range of personal, commercial, and investment banking services to over 12 million customers globally, with extensive operations spanning North America and beyond, solidifying its position as a key player in the international financial landscape. The US Dollar-denominated bond, part of a total issuance valued at $2,839,000, carried an annual interest rate of 12.3%, with interest payments made semi-annually. The minimum purchase size for this particular security was set at $1,000. Upon its maturity on the specified date, the bond was redeemed at 100% of its face value, indicating a full and timely repayment to bondholders and marking the conclusion of its lifecycle as a tradable debt instrument.
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