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 financial instrument under review is a bond issued by the Bank of Montreal, a leading Canadian financial institution recognized as one of the nation's "Big Five" banks, providing a comprehensive range of banking and financial services with a substantial footprint across North America. This specific bond, identified by ISIN US06367WVP57 and CUSIP 06367WVP5, was denominated in USD and issued from Canada. Notably, it featured a 0% interest rate, classifying it as a zero-coupon instrument, with an aggregate issuance size of 8,127,000 units and a minimum purchase increment of 1,000 units. Despite a stated payment frequency of 2 (typically indicative of semi-annual coupon payments for standard bonds), this zero-coupon nature meant no periodic interest distributions were made. The bond reached its scheduled maturity on April 3, 2022, and has since been fully repaid at its par value of 100%. Disclosure also indicates that this security was not rated (NR) by Moody's.
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US06367WVP57 ( in USD )
