Bond CCS Holdings 5.75% ( US126307BA42 ) in USD

Issuer	CCS Holdings
Market price	38.125 % ▼
Country	United States
ISIN code	US126307BA42 ( in USD )
Interest rate	5.75% per year ( payment 2 times a year)
Maturity	14/01/2030
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Minimal amount	200 000 USD
Total amount	2 250 000 000 USD
Cusip	126307BA4
Standard & Poor's ( S&P ) rating	CCC- ( Default imminent with little prospect for recovery )
Moody's rating	Ca ( Default imminent with little prospect for recovery )
Next Coupon	15/07/2025 ( In 2 days )
Detailed description	CSC Holdings is a global technology services and consulting firm providing a range of solutions including digital transformation, cloud services, and cybersecurity. An investment opportunity in the fixed-income market presents itself through a bond issued by CSC Holdings, identified by ISIN US126307BA42 and CUSIP 126307BA4, offering a fixed interest rate of 5.75% and maturing on January 14, 2030. This U.S.-issued debt instrument is currently trading at a distressed market price of 38.125% of par, denominated in USD, with interest payments scheduled semi-annually. The total issuance size amounts to $2,250,000,000, with a minimum purchase requirement set at $200,000. CSC Holdings, a key subsidiary of Altice USA, operates within the competitive telecommunications sector, providing broadband communications and video services. Reflecting the issuer's significant credit risk, the bond carries a 'CCC-' rating from Standard & Poor's and a 'Ca' rating from Moody's, both indicative of substantial speculative characteristics and a high likelihood of default.