Bond Huntington Bankcorp 0% ( US446283AD57 ) in USD

Issuer	Huntington Bankcorp
Market price	100 % ▲
Country	United States
ISIN code	US446283AD57 ( in USD )
Interest rate	0%
Maturity	31/01/2027
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Minimal amount	1 000 USD
Total amount	185 000 000 USD
Cusip	446283AD5
Standard & Poor's ( S&P ) rating	BB+ ( Non-investment grade speculative )
Moody's rating	N/A
Detailed description	Huntington Bancshares Incorporated is a regional bank holding company operating primarily in the Midwest and parts of the East Coast of the United States, offering a wide range of financial services to individuals and businesses. This analysis details a specific bond issuance by Huntington Bancshares, a well-established regional bank holding company based in Columbus, Ohio, providing a comprehensive array of financial products and services, including consumer and business banking, mortgage banking, wealth management, and insurance services, predominantly across the Midwestern United States. Identified by the ISIN US446283AD57 and CUSIP 446283AD5, this USD-denominated debt instrument originates from the United States. The bond is currently trading at 100% of its face value on the market. A notable characteristic is its 0% interest rate, suggesting it operates as a zero-coupon bond where the yield is derived from the difference between the purchase price and its par value at maturity, or a similarly structured product. Despite the absence of a stated coupon, a payment frequency of 4 is indicated, which may refer to a non-standard distribution mechanism or a principal redemption schedule. The total size of this issuance is $185,000,000, with a minimum lot size for acquisition set at $1,000. The maturity date for this instrument is January 31, 2027, and it carries a credit rating of BB+ from Standard & Poor's (S&P), providing an independent assessment of its credit risk.