Bond Con Edison 2.4% ( US209111GA54 ) in USD

Issuer	Con Edison
Market price	89.1093 % ▲
Country	United States
ISIN code	US209111GA54 ( in USD )
Interest rate	2.4% per year ( payment 2 times a year)
Maturity	15/06/2031
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Minimal amount	2 000 USD
Total amount	750 000 000 USD
Cusip	209111GA5
Standard & Poor's ( S&P ) rating	A- ( Upper medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
Next Coupon	15/12/2025 ( In 129 days )
Detailed description	Consolidated Edison, Inc. (Con Edison) is a major energy company that delivers electricity, natural gas, and steam to customers in New York City and Westchester County, New York. Consolidated Edison Co of NY Bond Offering Analysis This article provides an in-depth look at a specific bond offering from Consolidated Edison Co of NY, a prominent entity in the U.S. energy sector. Identified by its ISIN US209111GA54 and CUSIP 209111GA5, this debt instrument represents an opportunity for investors seeking exposure to the stable utility segment. Consolidated Edison Company of New York, commonly known as Con Edison, stands as one of the largest investor-owned energy companies in the United States. Headquartered in New York, the company is a regulated utility primarily engaged in the generation, transmission, and distribution of electricity, as well as the provision of natural gas and steam services, to a vast customer base spanning New York City and Westchester County. Its critical role in providing essential services within a highly regulated framework contributes significantly to its perceived stability as an issuer. The bond in question, issued in the United States, features a total issuance size of $750,000,000 (USD), demonstrating a substantial capital raise. It carries a fixed annual interest rate, or coupon, of 2.4%, with interest payments distributed semi-annually to bondholders, aligning with common market practices. The bond is set to mature on June 15, 2031, providing a defined investment horizon. As of recent market data, the bond is trading at 89.1093% of its par value, reflecting a discount in the current market. For investors considering participation, the minimum purchase size is set at $2,000 USD. The creditworthiness of this issuance is underscored by its investment-grade ratings from leading financial agencies. Standard & Poor's (S&P) has assigned an A- rating, while Moody's has provided an A3 rating. These ratings affirm Consolidated Edison Co of NY's strong capacity to meet its financial commitments, consistent with its profile as a well-established and essential utility provider in a mature market.