Bond BWM 0% ( USU09513JE09 ) in USD

Issuer	BWM
Market price	100 % ▼
Country	Germany
ISIN code	USU09513JE09 ( in USD )
Interest rate	0%
Maturity	12/08/2024 - Bond has expired
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Minimal amount	2 000 USD
Total amount	750 000 000 USD
Cusip	U09513JE0
Standard & Poor's ( S&P ) rating	A ( Upper medium grade - Investment-grade )
Moody's rating	N/A
Detailed description	BMW, a German multinational company, manufactures automobiles, motorcycles, and engines, and provides financial services. The fixed-income instrument, identified by ISIN USU09513JE09 and CUSIP U09513JE0, has successfully reached its maturity and has been fully reimbursed. This particular bond was issued by BMW, the globally recognized German automotive manufacturer renowned for its production of premium automobiles and motorcycles, a conglomerate with a significant international footprint and a strong brand presence in the luxury vehicle segment. Originating from Germany, this bond was denominated in USD and constituted a substantial total issuance size of $750,000,000, with a minimum investment lot set at $2,000. Notably, the bond featured a 0% interest rate and indicated a payment frequency of 2, culminating its term with a repayment at 100% of its principal value on its maturity date of December 8, 2024. Throughout its lifecycle, the issuer's credit quality was affirmed by a robust 'A' rating from Standard & Poor's (S&P), reflecting BMW's strong financial standing and its demonstrated capacity to meet its financial obligations, as evidenced by the successful redemption of this bond.