Bond Clarios Global 6.75% ( US18060TAD72 ) in USD
| Issuer | Clarios Global | ||||||||||||||||||||||||
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| Country | Canada
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| ISIN code |
US18060TAD72 ( in USD )
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| Interest rate | 6.75% per year ( payment 2 times a year) | ||||||||||||||||||||||||
| Maturity | 15/02/2030 | ||||||||||||||||||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 2 000 USD | ||||||||||||||||||||||||
| Total amount | 700 000 000 USD | ||||||||||||||||||||||||
| Cusip | 18060TAD7 | ||||||||||||||||||||||||
| Standard & Poor's ( S&P ) rating | BB- ( Non-investment grade speculative ) | ||||||||||||||||||||||||
| Moody's rating | B2 ( Highly speculative ) | ||||||||||||||||||||||||
| Next Coupon | 15/02/2027 ( In 151 days ) | ||||||||||||||||||||||||
| Detailed description |
Clarios is a global leader in the design, manufacturing, and distribution of advanced lead-acid and lithium-ion batteries for automotive, commercial, and industrial applications. This financial article details a specific bond offering (Type: Obligation) identified by ISIN US18060TAD72 and CUSIP 18060TAD7, issued by Clarios Global, a prominent global leader in advanced battery solutions for various applications, including automotive and industrial sectors, and a spin-off from Johnson Controls. Despite being issued from Canada, the bond is denominated in USD and currently trades on the market at 103.831% of its par value. It features a fixed annual interest rate (coupon) of 6.75%, with interest payments distributed twice yearly (frequency 2), and is part of a total issuance size of $700,000,000. Investors looking to acquire this security should note the minimum purchase size is $2,000. The bond is set to mature on February 15, 2030. Reflecting its risk profile, the bond holds a credit rating of BB- from Standard & Poor's (S&P) and B1 from Moody's, positioning it within the sub-investment grade category. |
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