Bond Montreal Bank 0% ( US06375MA708 ) in USD

Issuer	Montreal Bank
Market price	91.29 % ⇌
Country	Canada
ISIN code	US06375MA708 ( in USD )
Interest rate	0%
Maturity	31/08/2026
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Cusip	06375MA70
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. Market participants are currently analyzing a USD-denominated zero-coupon bond (ISIN: US06375MA708, CUSIP: 06375MA70) originating from Bank of Montreal, a major Canadian financial institution with a robust international presence, which, characterized by its 0% interest rate, is trading at 91.29% on the secondary market, signaling its discount nature as it approaches its August 31, 2026 maturity date, with its terms noting a semi-annual frequency pertinent for the calculation of its implied yield.