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ItalianoBond Caterpillar Financial Corp 1.576% ( US14913R2N61 ) in USD
| Issuer | Caterpillar Financial Corp |
| Market price | 100 % ▲ |
| Country |  United States
|
| ISIN code |
 US14913R2N61 ( in USD )
|
| Interest rate | 1.576% per year ( payment 4 times a year) |
| Maturity | 16/11/2022 - 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 | 14913R2N6 |
| 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 the recently matured debt instrument issued by Caterpillar Financial Services Corp, identified by ISIN US14913R2N61 and CUSIP 14913R2N6, provides insight into the financing operations of this entity, which serves as the captive financial arm of Caterpillar Inc., a global leader in manufacturing construction and mining equipment, engines, and industrial turbines, facilitating the sale of its products through financing solutions for customers and dealers worldwide. This bond, denominated in USD and issued from the United States, featured an interest rate of 1.576% and quarterly payment frequency (4), with an aggregate issuance size of $500,000,000 and a minimum purchase threshold of $1,000. Having reached its maturity on November 16, 2022, and reported at a market price of 100% prior to its repayment, the bond benefited from robust investment-grade credit ratings, specifically an 'A' from Standard & Poor's (S&P) and an 'A2' from Moody's, underscoring the issuer's strong financial standing and credit profile. |