Bond Montreal Bank 0% ( US06374VQT60 ) in USD

Issuer	Montreal Bank
Market price	134.515 % ⇌
Country	Canada
ISIN code	US06374VQT60 ( in USD )
Interest rate	0%
Maturity	15/02/2028
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Minimal amount	/
Total amount	/
Cusip	06374VQT6
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. Bank of Montreal, a leading financial institution based in Canada, is the issuer of a distinct U.S. dollar-denominated bond, identified by ISIN US06374VQT60 and CUSIP 06374VQT6. This particular obligation, originating from Canada, is currently trading on the market at a significant premium, priced at 134.515% of its face value. The bond is set to reach its maturity on February 15, 2028, and notably features a 0% interest rate. Despite its zero-coupon characteristic, the instrument also specifies a payment frequency of two times per year, which may pertain to its redemption mechanics or other specific terms of the issue.