Bond Ashford Capital Inc 4% ( US045054AJ25 ) in USD

Issuer	Ashford Capital Inc
Market price	100 % ▲
Country	United States
ISIN code	US045054AJ25 ( in USD )
Interest rate	4% per year ( payment 2 times a year)
Maturity	30/04/2028
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Minimal amount	200 000 USD
Total amount	600 000 000 USD
Cusip	045054AJ2
Standard & Poor's ( S&P ) rating	BBB- ( Lower medium grade - Investment-grade )
Moody's rating	Baa3 ( Lower medium grade - Investment-grade )
Next Coupon	01/05/2026 ( In 80 days )
Detailed description	Ashtead Capital is a private investment firm specializing in providing flexible capital solutions to lower-middle market companies across various industries, primarily focusing on growth equity, debt, and special situations investments. This financial analysis details an investment-grade bond issued by Ashtead Capital Inc., a key financing subsidiary of Ashtead Group plc, a prominent international equipment rental company operating widely under brands such as Sunbelt Rentals in North America and A-Plant in the UK. Identified by its ISIN US045054AJ25 and CUSIP 045054AJ2, this particular bond, issued in the United States and denominated in USD, currently trades at 100% of its par value on the open market. It features an annual interest rate of 4%, with payments distributed semi-annually, reflecting a payment frequency of two times per year. The total size of this specific bond issuance amounts to $600,000,000, with a minimum purchase increment set at $200,000, making it suitable for institutional or high-net-worth investors. The bond's maturity date is fixed for April 30, 2028, positioning it as a medium-term debt instrument. Furthermore, its credit quality is affirmed by leading rating agencies: Standard & Poor's has assigned a BBB- rating, while Moody's has provided a Baa3 rating, both indicating an investment-grade credit profile with moderate credit risk.