Bond CCS Holdings 4.625% ( USU2285XAU01 ) in USD

Issuer	CCS Holdings
Market price	44.375 % ▼
Country	United States
ISIN code	USU2285XAU01 ( in USD )
Interest rate	4.625% per year ( payment 2 times a year)
Maturity	30/11/2030
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Minimal amount	200 000 USD
Total amount	625 000 000 USD
Cusip	U2285XAU0
Standard & Poor's ( S&P ) rating	CCC- ( Default imminent with little prospect for recovery )
Moody's rating	N/A
Next Coupon	01/12/2025 ( In 78 days )
Detailed description	CSC Holdings is a global technology services and consulting firm providing a range of solutions including digital transformation, cloud services, and cybersecurity. A specific fixed-income instrument under scrutiny is a bond identified by ISIN USU2285XAU01 and CUSIP U2285XAU0, issued by CSC Holdings, a significant subsidiary of Altice USA, a prominent telecommunications and media company operating primarily in the United States, providing broadband internet, video, and voice services. This particular security, issued in the United States and denominated in USD, carries a fixed annual interest rate (coupon) of 4.625%, with interest payments disbursed semi-annually. The bond is set to mature on November 30, 2030, and represents a total original issue size of $625,000,000, with a minimum purchase amount set at $200,000, indicating an institutional target. Currently, the bond trades at a significant discount, with a market price of 47.25% of its par value, a valuation consistent with its low credit rating of CCC- assigned by Standard & Poor's (S&P), which signifies a very high level of credit risk and a substantial likelihood of default.