Bond Icahn Holdings 9% ( US451102CJ41 ) in USD

Issuer	Icahn Holdings
Market price	90.4536 % ▼
Country	United States
ISIN code	US451102CJ41 ( in USD )
Interest rate	9% per year ( payment 2 times a year)
Maturity	15/06/2030
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Minimal amount	2 000 USD
Total amount	749 051 000 USD
Cusip	451102CJ4
Standard & Poor's ( S&P ) rating	BB- ( Non-investment grade speculative )
Moody's rating	B1 ( Highly speculative )
Next Coupon	15/12/2025 ( In 137 days )
Detailed description	Icahn Enterprises L.P. is a publicly traded master limited partnership (MLP) that engages in a diverse range of investment activities, including owning and operating businesses across various sectors, such as energy, automotive, and food packaging, alongside significant holdings in publicly traded equities. An in-depth analysis of a specific fixed-income instrument issued by Icahn Enterprises reveals key details pertinent to investors. This bond, identified by the ISIN US451102CJ41 and CUSIP 451102CJ4, originates from the United States, signifying its issuance within the U.S. market framework. The issuer, Icahn Enterprises, is a prominent diversified holding company controlled by the influential activist investor Carl Icahn. The entity typically engages in strategic investments across various industries, often taking significant stakes in companies with the aim of driving long-term value creation through operational improvements and strategic realignments, making its debt offerings a reflection of its consolidated financial standing. The bond is currently quoted on the market at a price of 90.4536% of its par value, denominated in U.S. Dollars (USD). It features a substantial annual interest rate of 9%, providing a notable yield to holders. With a maturity date set for June 15, 2030, this instrument offers a medium-term investment horizon. Interest payments are scheduled to occur with a frequency of 2 per year, indicating semi-annual disbursements to bondholders. The total size of this particular bond issuance stands at 749,051,000 USD, representing a significant capital raise by the issuer. The minimum lot size required for purchase is set at 2,000 USD, allowing for access by various investor profiles. From a credit risk perspective, the bond carries a BB- rating from Standard & Poor's and a B1 rating from Moody's. Both ratings place this debt instrument within the "speculative" or "junk bond" category, signifying that while it offers an attractive yield, it also entails a higher degree of credit risk compared to investment-grade securities. This classification suggests that investors should conduct thorough due diligence, weighing the potential for higher returns against the associated elevated risk profile of a non-investment grade corporate bond from a diversified holding company like Icahn Enterprises.