Bond Montreal Bank 0% ( US06374VT488 ) in USD

Issuer	Montreal Bank
Market price	100 % ⇌
Country	Canada
ISIN code	US06374VT488 ( in USD )
Interest rate	0%
Maturity	24/04/2025 - Bond has expired
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Minimal amount	1 000 USD
Total amount	3 040 000 USD
Cusip	06374VT48
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	NR
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 instrument under review is a bond, identified by ISIN US06374VT488 and CUSIP 06374VT48, issued by the Bank of Montreal (BMO), a prominent Canadian multinational investment bank and financial services company, recognized as one of Canada's 'Big Five' banks with a comprehensive range of personal, commercial, and investment banking services. Issued from Canada and denominated in USD, the bond had a total issuance amount of 3,040,000 and a minimum purchase amount of 1,000. It was notably a zero-coupon bond, featuring a 0% interest rate, and had a reported payment frequency of two times per year. With a maturity date of April 24, 2025, this obligation has successfully reached maturity and been fully redeemed, with its market price at that time recorded at 100% of its face value. Moody's assigned a 'NR' (Not Rated) designation for this specific issuance.