Bond McGraw Hill Global Education LLC 7.875% ( USU58030AB02 ) in USD

Issuer McGraw Hill Global Education LLC
Market price 100 %  ▼ 
Country  United States
ISIN code  USU58030AB02 ( in USD )
Interest rate 7.875% per year ( payment 2 times a year)
Maturity 14/05/2024 - Bond has expired



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Minimal amount 2 000 USD
Total amount 400 000 000 USD
Cusip U58030AB0
Standard & Poor's ( S&P ) rating CCC- ( Default imminent with little prospect for recovery )
Moody's rating N/A
Detailed description McGraw-Hill Global Education Holdings LLC is a leading global education company providing educational content, assessment, and learning technology solutions for preK-12, higher education, and professional markets.

A recently matured bond, identified by ISIN USU58030AB02 and CUSIP U58030AB0, was issued by McGraw-Hill Global Education Holdings LLC, a prominent entity in the global educational content and technology sector headquartered in the United States. This specific obligation, which carried an annual interest rate of 7.875% and had a total issuance size of $400,000,000, reached its maturity date on May 14, 2024, at which point it was successfully redeemed at 100% of its principal value, concluding its investment cycle. Payments on this USD-denominated bond were structured to occur twice annually, with a minimum acquisition size set at $2,000 per lot during its active trading period. Prior to its maturity, the bond was rated CCC- by Standard & Poor's (S&P), reflecting its risk profile within the market.