Bond Montreal Bank 0% ( US06374V2W59 ) in USD

Issuer	Montreal Bank
Market price	100 % ▲
Country	Canada
ISIN code	US06374V2W59 ( in USD )
Interest rate	0%
Maturity	24/08/2027
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Minimal amount	/
Total amount	/
Cusip	06374V2W5
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. Presented for financial market review is a bond issued by the Bank of Montreal, identified by ISIN US06374V2W59 and CUSIP 06374V2W5, with Bank of Montreal itself being one of Canada's pre-eminent financial institutions and a major North American player boasting a long-standing history and diversified operations spanning retail banking, wealth management, and capital markets, thereby underpinning the stability and credit quality of its debt instruments; this specific bond, denominated in USD and issued from Canada, is characterized as a zero-coupon bond, implying no periodic interest payments are distributed, but rather its yield is derived from the accretion of value over time, payable as a single principal amount at its maturity on August 24, 2027, and it currently reflects a market price of 100% of its face value, with the specified semi-annual payment frequency of two pertaining to the compounding basis for its implied yield to maturity, notwithstanding the absence of coupon distributions.