Bond Akerlund 3.75% ( US00973RAF01 ) in USD
Issuer | Akerlund | ||
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Interest rate | 3.75% per year ( payment 2 times a year) | ||
Maturity | 15/01/2030 | ||
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Minimal amount | 150 000 USD | ||
Total amount | 1 000 000 000 USD | ||
Cusip | 00973RAF0 | ||
Standard & Poor's ( S&P ) rating | BBB- ( Lower medium grade - Investment-grade ) | ||
Moody's rating | Ba1 ( Non-investment grade speculative ) | ||
Next Coupon | 15/01/2026 ( In 121 days ) | ||
Detailed description |
Aker is a Norwegian multinational energy company with diverse interests in oil and gas exploration and production, renewable energy, and technology investments. This fixed-income instrument, an obligation issued by the Norwegian industrial investment company Aker and identified by ISIN US00973RAF01 and CUSIP 00973RAF0, presents a detailed profile for investors. Aker, a prominent entity based in Norway, is widely recognized for its long-term industrial ownership and value creation strategies, holding significant investments across a diversified portfolio that includes energy, maritime, seafood, and financial technologies, among other key sectors, thereby demonstrating a robust and varied operational base. The bond itself carries a coupon interest rate of 3.75% and is denominated in US dollars, with interest payments distributed semi-annually. Its maturity date is set for January 15, 2030, establishing a medium-term investment horizon, while the total issuance size stands at a substantial $1,000,000,000, underscoring the scale of Aker's financing needs. Investors are required to commit a minimum purchase amount of $150,000, positioning this offering primarily for institutional or high-net-worth individuals. Currently, the bond trades on the market at 93.71% of its par value, indicating it is available at a discount, which implies a yield to maturity higher than the stated coupon rate, potentially offering an enhanced return for investors who hold the bond until its maturity date. Credit risk assessments for this obligation are provided by two major rating agencies: Standard & Poor's has assigned a BBB- rating, which is the lowest investment-grade rating, whereas Moody's has rated it Ba1, placing it one notch below investment grade in the speculative category; these distinct ratings offer varying perspectives on the issuer's credit quality and default risk, advising investors to consider both evaluations when assessing the bond's suitability for their portfolio. Overall, this Aker bond, originating from Norway, offers a comprehensive investment profile for fixed-income participants looking for exposure to a well-established industrial conglomerate, characterized by its substantial issue size, semi-annual USD coupon payments, and the interplay between its current market discount and the nuanced credit ratings from leading agencies. |