Bond ZF Friedrichshafen AG 6.875% ( US98877DAG07 ) in USD

Issuer	ZF Friedrichshafen AG
Market price	92.233 % ▲
Country	Germany
ISIN code	US98877DAG07 ( in USD )
Interest rate	6.875% per year ( payment 2 times a year)
Maturity	23/04/2032
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Minimal amount	150 000 USD
Total amount	700 000 000 USD
Cusip	98877DAG0
Standard & Poor's ( S&P ) rating	BB- ( Non-investment grade speculative )
Moody's rating	Ba2 ( Non-investment grade speculative )
Next Coupon	23/10/2025 ( In 84 days )
Detailed description	ZF Friedrichshafen AG is a German multinational automotive supplier specializing in driveline and chassis technology, active safety systems, and steering systems. This financial article outlines a specific bond instrument, identified by ISIN US98877DAG07 and CUSIP 98877DAG0, issued by ZF Friedrichshafen, a prominent German automotive technology company renowned for its extensive portfolio encompassing driveline and chassis technology as well as active and passive safety systems, which is denominated in USD, carries a fixed coupon rate of 6.875% with interest payments occurring twice annually, and is set to mature on April 23, 2032, having been issued for a total size of $700,000,000 with a minimum purchase requirement of $150,000, and is currently trading on the market at 92.233% of its par value, while its credit quality is rated BB- by Standard & Poor's and Ba2 by Moody's.