Bond IBN 2.875% ( US459200JC60 ) in USD

Issuer	IBN
Market price	100 % ▲
Country	United States
ISIN code	US459200JC60 ( in USD )
Interest rate	2.875% per year ( payment 2 times a year)
Maturity	09/11/2022 - Bond has expired
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Minimal amount	100 000 USD
Total amount	900 000 000 USD
Cusip	459200JC6
Standard & Poor's ( S&P ) rating	A- ( Upper medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
Detailed description	IBM is a multinational technology company offering consulting, cloud computing, and cognitive solutions, among other services and products. This financial overview details a specific fixed-income instrument, an obligation issued by International Business Machines Corporation (IBM), a globally recognized leader in technology and consulting, providing integrated solutions and services in areas such as hybrid cloud, artificial intelligence, and quantum computing; the company's robust market position and diversified revenue streams underpin its standing in the debt markets. The bond, identified by ISIN US459200JC60 and CUSIP 459200JC6, was a significant USD-denominated issuance originating from the United States. It carried a fixed interest rate of 2.875%, with interest payments distributed on a semi-annual basis. The total issuance size amounted to $900,000,000, with a minimum purchase size set at $100,000. This specific obligation reached its maturity date on November 9, 2022, and has since been fully redeemed, meaning all principal and outstanding interest were repaid to investors at par, consistent with its listed 100% market price at the point of redemption. Reflecting IBM's creditworthiness, the bond received investment-grade ratings from leading agencies: A- from Standard & Poor's (S&P) and A3 from Moody's, affirming the issuer's strong capacity to meet its financial obligations.