Bond Bombardière 7.5% ( USC10602BF38 ) in USD

Issuer Bombardière
Market price 100 %  ▼ 
Country  Canada
ISIN code  USC10602BF38 ( in USD )
Interest rate 7.5% per year ( payment 2 times a year)
Maturity 30/11/2024 - Bond has expired



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Minimal amount 2 000 USD
Total amount 1 000 000 000 USD
Cusip C10602BF3
Standard & Poor's ( S&P ) rating CCC ( Extremely speculative )
Moody's rating N/A
Detailed description Bombardier Inc. is a Canadian multinational aerospace and transportation company manufacturing railway equipment, aircraft, and business jets.

A comprehensive review of a specific debt instrument issued by Bombardier, the prominent Canadian multinational, reveals key characteristics and its recent maturity status. Bombardier, headquartered in Montreal, Quebec, Canada, stands as a global leader in the design, manufacture, and servicing of business jets, having strategically evolved over the years to streamline its focus from a diversified portfolio including commercial aircraft and rail transportation to concentrate on its core, high-value aviation sector, thereby cementing its position in the global aerospace industry. The subject financial instrument, a bond identifiable by ISIN USC10602BF38 and CUSIP C10602BF3, was a USD-denominated obligation issued from Canada, carrying a fixed annual interest rate of 7.5% and possessing a total issuance size of 1,000,000,000 USD, with the minimum purchase size for investors set at 2,000 USD; interest payments were structured with a frequency of two times per year, indicative of semi-annual disbursements. The bond reached its scheduled maturity on November 30, 2024, and has subsequently been fully redeemed by the issuer, with its market price at redemption recorded at 100% of its par value. Throughout its life, this bond was assigned a credit rating of CCC by Standard & Poor's (S&P), a rating that typically signifies a speculative grade with substantial risks, indicating a high dependence on favorable economic and business conditions for the issuer to meet its financial obligations.