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ItalianoBond Montreal Bank 0% ( US06374VJ497 ) in USD
| Issuer | Montreal Bank |
| Market price | 110.85 % ⇌ |
| Country |  Canada
|
| ISIN code |
 US06374VJ497 ( in USD )
|
| Interest rate | 0% |
| Maturity | 31/07/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | / |
| Total amount | / |
| Cusip | 06374VJ49 |
| 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 update pertains to a specific debt instrument, identified by ISIN US06374VJ497 and CUSIP 06374VJ49, which has successfully reached its maturity and been fully reimbursed. The issuer of this bond was Bank of Montreal, a leading Canadian financial institution recognized as one of Canada's "Big Five" banks, offering a comprehensive range of personal, commercial, wealth management, and capital markets services globally. Originating from Canada and denominated in USD, this particular bond carried a 0% interest rate, indicating it was likely a zero-coupon instrument, which typically pays no regular interest until maturity. Its final maturity date was July 31, 2024, and while it had a reported market price of 110.85% prior to its expiration, reflecting prevailing market conditions or its discount-to-par trajectory, the essential detail is its conclusion: the principal amount of this obligation has now been fully repaid to bondholders, thereby fulfilling the Bank of Montreal's commitment to its investors for this specific security. |