Bond Carvena Co 8.875% ( USU1468GAA23 ) in USD

Issuer Carvena Co
Market price 100 %  ▼ 
Country  United States
ISIN code  USU1468GAA23 ( in USD )
Interest rate 8.875% per year ( payment 2 times a year)
Maturity 30/09/2023 - Bond has expired



Prospectus brochure in PDF format is unavailable at this time
We will provide it as soon as possible

Minimal amount 2 000 USD
Total amount 600 000 000 USD
Cusip U1468GAA2
Standard & Poor's ( S&P ) rating NR
Moody's rating N/A
Detailed description Carvana is an e-commerce platform specializing in the sale of used vehicles, offering online car buying, financing, and nationwide delivery.

This financial article provides an overview of a specific fixed-income security, namely the bond identified by ISIN USU1468GAA23 and CUSIP U1468GAA2. The issuer of this bond was Carvana Co., an American online used car retailer headquartered in Tempe, Arizona, renowned for its innovative multi-story car vending machines and a business model facilitating fully online vehicle purchases and doorstep delivery; Carvana has navigated significant market volatility and financial scrutiny in recent periods, making its financing activities a subject of particular interest within the automotive retail and e-commerce sectors. Issued in the United States and denominated in US Dollars (USD), this bond carried a substantial annual interest rate, or coupon, of 8.875%, with the total size of the issuance amounting to $600,000,000 and a minimum purchase size set at $2,000 for investors. Interest payments were structured to occur with a frequency of two times per year, typically on a semi-annual basis. A critical detail concerning this instrument is its maturity status: the bond matured on September 30, 2023, and at its maturity, the bond's market price stood at 100% of its par value, indicating that the principal amount was fully repaid to bondholders; consequently, the bond has been officially redeemed and is no longer an outstanding obligation. Furthermore, the bond's creditworthiness was assessed by the rating agency Standard & Poor's (S&P), which assigned it an 'NR' (Not Rated) designation, implying that S&P did not provide a formal credit rating for this particular security.