Bond Ford Credit 2.75% ( US34540TWX61 ) in USD

Issuer	Ford Credit
Market price	100 % ⇌
Country	United States
ISIN code	US34540TWX61 ( in USD )
Interest rate	2.75% per year ( payment 2 times a year)
Maturity	20/12/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	15 508 000 USD
Cusip	34540TWX6
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	N/A
Detailed description	Ford Motor Credit Company (FMC) is a captive finance subsidiary of Ford Motor Company providing financial products and services, including vehicle financing and leasing, to Ford and Lincoln brand customers. An illustrative fixed-income instrument recently concluded its lifecycle, specifically a bond issued by Ford Motor Credit Company, a prominent entity in the automotive financial services sector. This particular bond, identified by ISIN US34540TWX61 and CUSIP 34540TWX6, was denominated in United States Dollars (USD) and featured a coupon rate of 2.75%, with interest payments scheduled semi-annually. The total volume of this debt issuance amounted to USD 15,508,000, and it was available for purchase in minimum increments of USD 1,000. The issuer, Ford Motor Credit Company, serves as the wholly-owned financial services subsidiary of Ford Motor Company, one of the global leaders in automotive manufacturing. Its primary function involves providing wholesale financing to Ford and Lincoln dealerships for inventory acquisition and retail financing solutions for consumer vehicle purchases and leases, thereby playing a vital role in supporting the parent company's sales and overall market presence. Originating from the United States, this bond reached its scheduled maturity on December 20, 2022. At the point of its repayment, its market valuation was observed at 100% of its principal value, signifying a par redemption. The bond has since successfully matured and been fully repaid, completing its financial obligation cycle.