Bond Caterpillar Financial Corp 0% ( US14913R2M88 ) in USD
| Issuer | Caterpillar Financial Corp |
| Market price | 100 % ▲ |
| Country | United States
|
| ISIN code |
US14913R2M88 ( in USD )
|
| Interest rate | 0% |
| Maturity | 17/05/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 1 000 USD |
| Total amount | 500 000 000 USD |
| Cusip | 14913R2M8 |
| Standard & Poor's ( S&P ) rating | A ( Upper medium grade - Investment-grade ) |
| Moody's rating | A2 ( Upper medium grade - Investment-grade ) |
| Detailed description |
Caterpillar Financial Services Corporation (Cat Financial) provides financing and insurance products to support the sale of Caterpillar equipment and related services worldwide. An examination of a recently matured debt instrument reveals key details about a bond issued by Caterpillar Financial Services Corp, a robust global financial services provider offering financing solutions primarily for Caterpillar Inc.'s extensive range of products and services, whose parent company holds a leading position in the heavy equipment industry; this specific bond, identified by ISIN US14913R2M88 and CUSIP 14913R2M8, was a United States-issued obligation denominated in USD, originally part of a $500,000,000 total issue size with a minimum purchase increment of $1,000, and despite a stated interest rate of 0% and a payment frequency of 2, which could imply a zero-coupon structure or specific payout arrangement, the instrument successfully reached its maturity on May 17, 2024, was trading at 100% on the market at that point, and has now been fully repaid, a process underpinned by strong investment-grade credit ratings of 'A' from Standard & Poor's and 'A2' from Moody's. |
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