Bond America Packaging Corp 3.05% ( US695156AW92 ) in USD

Issuer	America Packaging Corp
Market price	100 % ▲
Country	United States
ISIN code	US695156AW92 ( in USD )
Interest rate	3.05% per year ( payment 2 times a year)
Maturity	01/10/2051
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Minimal amount	2 000 USD
Total amount	700 000 000 USD
Cusip	695156AW9
Standard & Poor's ( S&P ) rating	BBB ( Lower medium grade - Investment-grade )
Moody's rating	Baa2 ( Lower medium grade - Investment-grade )
Next Coupon	01/10/2025 ( In 28 days )
Detailed description	Packaging Corporation of America (PCA) is a leading producer of containerboard and corrugated packaging products in North America, serving a diverse range of customers across various industries. A long-term investment opportunity is presented through a bond issued by Packaging Corporation of America, identified by ISIN US695156AW92 and CUSIP 695156AW9. Packaging Corporation of America (PCA) stands as a prominent producer of containerboard and corrugated packaging products in North America, serving a diverse range of industries and operating primarily out of the United States. This specific fixed-income instrument, issued from the United States, is currently trading at 100% of its par value, denominated in US Dollars, and carries an annual interest rate, or coupon, of 3.05%. The total size of this bond issuance amounts to a substantial $700,000,000, reflecting a significant capital raise by the issuer. Investors seeking exposure to this offering should note the minimum purchase increment is set at $2,000. The bond is structured with a long-dated maturity, scheduled for October 1, 2051, providing a lengthy yield period. Interest payments are distributed with a frequency of two times per year, consistent with standard semi-annual distributions. The creditworthiness of this issuance is assessed by leading rating agencies: Standard & Poor's (S&P) has assigned a 'BBB' rating, while Moody's has provided a 'Baa2' rating, both classifications generally considered to be investment-grade, indicating a moderate credit risk profile.