Bond TenetHealth 4.875% ( USU88030BD97 ) in USD

Issuer	TenetHealth
Market price	100 % ▲
Country	United States
ISIN code	USU88030BD97 ( in USD )
Interest rate	4.875% per year ( payment 2 times a year)
Maturity	31/12/2025
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Minimal amount	2 000 USD
Total amount	2 100 000 000 USD
Cusip	U88030BD9
Standard & Poor's ( S&P ) rating	BB- ( Non-investment grade speculative )
Moody's rating	N/A
Next Coupon	01/01/2026 ( In 109 days )
Detailed description	Tenet Healthcare is a diversified healthcare services company operating hospitals, outpatient centers, and related healthcare facilities across the United States, offering a range of medical services. An analysis of the Tenet Healthcare bond offering, identified by ISIN USU88030BD97 and CUSIP U88030BD9, reveals key characteristics of this United States-issued debt instrument. The issuer, Tenet Healthcare, is a prominent American multinational healthcare services company, operating a diverse portfolio of acute care hospitals, comprehensive medical centers, and various outpatient facilities across the nation. This specific bond, a fixed-income obligation denominated in U.S. Dollars (USD), features an annual coupon rate of 4.875%, with interest payments distributed semi-annually, providing regular income to bondholders. The bond is currently trading at 100% of its face value, indicating it is priced at par in the market. With a substantial total issue size of $2.1 billion, this offering suggests significant market liquidity and investor interest, with a minimum purchase increment set at $2,000. The bond is scheduled to mature on December 31, 2025, placing it in the short-to-medium term maturity category. Notably, Standard & Poor's (S&P) has assigned a credit rating of BB- to this issuance. This rating places the bond in the speculative grade category, often referred to as 'junk bond' status, signifying that while the issuer currently has the capacity to meet its financial commitments, it is more susceptible to adverse economic conditions or changes in its operating environment compared to higher-rated, investment-grade instruments. Investors evaluating this bond should consider Tenet Healthcare's operational strength, the bond's fixed return profile, and its speculative credit rating in relation to their individual risk tolerance and investment objectives.