Bond Charter Communications Inc. 6.484% ( US161175BA14 ) in USD
| Issuer | Charter Communications Inc. | ||
| Market price | |||
| Country | United States
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| ISIN code |
US161175BA14 ( in USD )
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| Interest rate | 6.484% per year ( payment 2 times a year) | ||
| Maturity | 23/10/2045 | ||
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| Minimal amount | 2 000 USD | ||
| Total amount | 3 499 875 000 USD | ||
| Cusip | 161175BA1 | ||
| Standard & Poor's ( S&P ) rating | BBB- ( Lower medium grade - Investment-grade ) | ||
| Moody's rating | Ba1 ( Non-investment grade speculative ) | ||
| Next Coupon | 23/10/2026 ( In 168 days ) | ||
| Detailed description |
Charter Communications operates through its Spectrum brand, providing broadband internet access, video, and voice services to residential and business customers in numerous US states. This financial analysis focuses on a specific debt instrument issued by Charter Communications Operating, LLC, a key subsidiary of Charter Communications, Inc., a prominent broadband connectivity and cable operator within the United States. Charter Communications provides internet, television, and voice services to millions of customers across 41 states under its Spectrum brand, establishing itself as a significant entity in the U.S. telecommunications landscape, thus underpinning its capacity to issue and service long-term debt. The bond in question, identified by ISIN US161175BA14 and CUSIP 161175BA1, is a substantial offering with a total issue size of $3,499,875,000. Denominated in U.S. Dollars (USD), this obligation features a fixed annual interest rate (coupon) of 6.484%, with payments distributed semi-annually, providing regular income to bondholders. The bond is set to mature on October 23, 2045, categorizing it as a long-duration asset that offers exposure to the issuer's long-term financial stability. Currently, the bond trades on the market at 96.389% of its par value. For potential investors, the minimum purchase size is set at $2,000. Regarding creditworthiness, the bond carries ratings from two major agencies: Standard & Poor's (S&P) has assigned a 'BBB-' rating, which is the lowest investment-grade tier, indicating adequate capacity to meet financial commitments but more susceptibility to adverse economic conditions. Conversely, Moody's has rated the bond 'Ba1', which falls into the speculative (non-investment grade) category, specifically one notch below investment grade. This split rating provides a nuanced perspective on the perceived risk profile of the bond by different analytical entities. |
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