Bond Montreal Bank 0% ( US06374V2Z80 ) in USD

Issuer	Montreal Bank
Market price	94.63 % ⇌
Country	Canada
ISIN code	US06374V2Z80 ( in USD )
Interest rate	0%
Maturity	24/08/2027
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Cusip	06374V2Z8
Moody's rating	Aa2 ( High grade - 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. An analysis of a specific debt instrument issued by the Bank of Montreal, a prominent Canadian multinational investment bank and financial services company recognized for its extensive history and significant global financial market presence, reveals key characteristics of this offering. Identified by ISIN US06374V2Z80 and CUSIP 06374V2Z8, this bond, originating from Canada, is currently trading at 94.63% of its par value, denominated in USD. It is set to mature on August 24, 2027. Notably, the bond is characterized by a 0% interest rate, making it a zero-coupon instrument where investor returns accrue from the discount to its face value at maturity; despite the absence of periodic coupon payments, a payment frequency of 2 is indicated. Further underscoring its investment profile, the bond carries an Aa2 rating from Moody's, denoting a high-grade investment with very low credit risk.