Bond Philip Morris Global 2% ( US718172BX66 ) in USD

Issuer Philip Morris Global
Market price 100.001 %  ▲ 
Country  United States
ISIN code  US718172BX66 ( in USD )
Interest rate 2% per year ( payment 2 times a year)
Maturity 21/02/2020 - Bond has expired



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Minimal amount 2 000 USD
Total amount 1 000 000 000 USD
Cusip 718172BX6
Detailed description Philip Morris International is a leading international tobacco company manufacturing and selling cigarettes and other nicotine-containing products in markets outside the United States.

A specific fixed-income instrument issued by the global tobacco giant Philip Morris International, identified by the ISIN US718172BX66 and CUSIP 718172BX6, has successfully concluded its lifecycle, reaching maturity and undergoing full repayment. Philip Morris International (PMI), headquartered in the United States, stands as a prominent multinational tobacco company, operating across a vast network of over 180 markets worldwide, renowned for its extensive portfolio of conventional cigarette brands while also strategically diversifying into smoke-free products. The company frequently taps into capital markets through various financial instruments, including bond issuances, to optimize its funding structure and support its vast global operations and strategic initiatives. This particular bond, a noteworthy component of PMI's debt portfolio, was denominated in US Dollars (USD), structured with an annual coupon interest rate of 2% with investors receiving payments on a semi-annual basis. The total size of this particular bond issuance amounted to a significant USD 1,000,000,000, underscoring its scale and the liquidity it offered to the market, designed to be accessible to both institutional and individual investors with a minimum purchase size of USD 2,000. Originating from the United States, this bond reached its pre-defined maturity date on February 21, 2020, and leading up to its redemption, the instrument's market price was observed trading fractionally above par at 100.001% of its face value, indicative of its nearing full repayment and the market's expectation of the issuer honoring its commitment. Upon its maturity, the principal amount of this obligation, along with any final interest accruals, was duly reimbursed to all bondholders, marking a successful and complete fulfillment of Philip Morris International's financial obligation related to this specific debt instrument.