Bond ATP Texas 3.8% ( USU00809AB60 ) in USD

Issuer	ATP Texas
Market price	100 % ⇌
Country	United States
ISIN code	USU00809AB60 ( in USD )
Interest rate	3.8% per year ( payment 2 times a year)
Maturity	30/09/2047
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Minimal amount	2 USD
Total amount	300 USD
Cusip	U00809AB6
Standard & Poor's ( S&P ) rating	A- ( Upper medium grade - Investment-grade )
Moody's rating	N/A
Next Coupon	01/10/2025 ( In 17 days )
Detailed description	AEP Texas is an electric utility company serving approximately 1.5 million customers across a vast territory in central and south Texas, providing electricity transmission and distribution services. A detailed overview of the USU00809AB60 bond issue, identified also by its CUSIP U00809AB6, reveals key financial characteristics for potential investors. This debt instrument, categorized as a standard obligation, is issued by AEP Texas, a significant regulated electric transmission and distribution utility operating within the United States. As a subsidiary of American Electric Power (AEP), one of the largest electric utilities in the U.S., AEP Texas plays a crucial role in delivering essential energy services, managing substantial infrastructure assets, and maintaining a stable revenue stream supported by its regulated nature. The bond carries a fixed interest rate, or coupon, of 3.8% annually, with payments disbursed semi-annually, reflecting a payment frequency of two times per year. Priced currently at 100% of its par value on the market, the security is denominated in U.S. Dollars (USD). The total issuance size for this particular series is recorded at $300 million, providing a substantial liquidity pool for investors. With a maturity date set for September 30, 2047, this bond offers a long-term investment horizon. Investors looking to acquire this instrument should note a minimum purchase size of 2 units, which typically translates to a par value of $2,000, assuming standard bond denominations. Furthermore, the creditworthiness of the issuer, AEP Texas, is assessed by Standard & Poor's (S&P), which has assigned an 'A-' rating to this obligation. This investment-grade rating indicates a strong capacity for the issuer to meet its financial commitments, though it is somewhat susceptible to adverse economic conditions or changes in circumstances. The issuance country is the United States, aligning with the operational base of the issuer.