Bond Caterpillar Financial Corp 2.75% ( US14912HPT13 ) in USD
| Issuer | Caterpillar Financial Corp | ||
| Market price | 100 % ⇌ | ||
| Country | United States
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| ISIN code |
US14912HPT13 ( in USD )
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| Interest rate | 2.75% per year ( payment 2 times a year) | ||
| Maturity | 15/04/2022 - Bond has expired | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 4 000 000 USD | ||
| Cusip | 14912HPT1 | ||
| Standard & Poor's ( S&P ) rating | N/A | ||
| Moody's rating | N/A | ||
| Detailed description |
Caterpillar Financial Services Corporation (Cat Financial) provides financing and insurance products to support the sale of Caterpillar equipment and related services worldwide. A recent financial instrument that successfully reached its maturity and was subsequently repaid in full is the bond issued by Caterpillar Financial Services Corp, identified by ISIN US14912HPT13 and CUSIP 14912HPT1. Caterpillar Financial Services Corp, a wholly-owned subsidiary of Caterpillar Inc., serves as the financial arm for one of the world's leading manufacturers of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives; the company provides financing and related services for Caterpillar products to customers and dealers around the globe, playing a critical role in facilitating sales and managing risk for the parent company's extensive product portfolio. This particular bond, which originated from the United States, was denominated in U.S. Dollars (USD) and carried an annual interest rate of 2.75%; the total size of this issuance was $4,000,000, with a minimum purchase increment set at $1,000, and interest payments were structured on a semi-annual basis, reflecting a common practice in the bond market. The bond successfully reached its scheduled maturity date on April 15, 2022, and at the time of its redemption, it was valued at 100% of its face value on the market, signifying its repayment at par and the full completion of the issuer's obligation to bondholders. |
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