Bond Charter Communications Inc. 3.5% ( US161175BZ64 ) in USD

Issuer	Charter Communications Inc.
Market price	100 % ▲
Country	United States
ISIN code	US161175BZ64 ( in USD )
Interest rate	3.5% per year ( payment 2 times a year)
Maturity	31/05/2041
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Minimal amount	2 000 USD
Total amount	1 500 000 000 USD
Cusip	161175BZ6
Standard & Poor's ( S&P ) rating	BBB- ( Lower medium grade - Investment-grade )
Moody's rating	Ba1 ( Non-investment grade speculative )
Next Coupon	01/06/2026 ( In 24 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. A key fixed-income instrument available to investors is the bond issued by Charter Communications Operating, identified by the ISIN US161175BZ64 and CUSIP 161175BZ6. Charter Communications Operating, a prominent entity in the American telecommunications and mass media landscape, functions as the principal operating subsidiary of Charter Communications, Inc., one of the largest cable operators in the United States. Operating predominantly under the 'Spectrum' brand, the company provides a comprehensive array of services including cable television, high-speed internet, and voice communication solutions to a vast base of both residential and business customers across its extensive network in the United States, thereby solidifying its critical infrastructure role and market presence within the country. This bond, originating from the United States, is currently trading at par, reflecting a market price of 100% in United States Dollars, and offers a fixed interest rate of 3.5%. Investors receive coupon payments twice per year, indicating a semi-annual payment frequency. The total size of this particular issuance is substantial, amounting to $1,500,000,000, with a specified minimum purchase size of $2,000 for individual investors. The bond carries a long-term maturity date of May 31, 2041, providing an extended duration for fixed-income portfolios. Its creditworthiness has been assessed by leading rating agencies: Standard & Poor's (S&P) has assigned a 'BBB-' rating, which places it in the lower rung of investment-grade securities, suggesting adequate capacity to meet financial commitments but with a heightened susceptibility to adverse economic conditions. Concurrently, Moody's has rated the bond 'Ba1', positioning it within the non-investment grade or speculative category, specifically at the highest rung, indicating it is subject to moderate credit risk and may lack some of the characteristics desired in investment-grade bonds.