Bond Montreal Bank 2.5% ( US06367XD243 ) in USD

Issuer	Montreal Bank
Market price	100 % ▼
Country	Canada
ISIN code	US06367XD243 ( in USD )
Interest rate	2.5% per year ( payment 2 times a year)
Maturity	10/01/2022 - Bond has expired
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Minimal amount	250 000 USD
Total amount	1 750 000 000 USD
Cusip	06367XD24
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	Aaa ( Prime - Investment-grade )
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 article details a previously issued and matured fixed-income instrument associated with the Bank of Montreal, a prominent Canadian financial institution that stands as one of Canada's largest and oldest chartered banks, offering a comprehensive range of personal, commercial, and corporate banking services globally, underscoring its robust financial position and systemic importance within the North American and international financial landscape; this specific bond, identified by ISIN US06367XD243 and CUSIP 06367XD24, was denominated in USD, carried an annual interest rate (coupon) of 2.5%, and featured semi-annual payment frequency, with a total issue size amounting to USD 1,750,000,000 and a minimum purchase increment set at USD 250,000; originally issued from Canada, this fixed-income security reached its maturity date on January 10, 2022, and was subsequently repaid at its principal amount, having been trading at 100% of its face value at the time of maturity, a testament to its exceptional credit quality, which was further evidenced by its Aaa rating from Moody's, the highest possible long-term rating, affirming the issuer's superior capacity to meet its financial commitments.