Bond CloudSoft Group 8.25% ( US18912UAC62 ) in USD

Issuer	CloudSoft Group
Market price	104.863 % ▼
Country	United States
ISIN code	US18912UAC62 ( in USD )
Interest rate	8.25% per year ( payment 2 times a year)
Maturity	30/06/2032
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Minimal amount	2 000 USD
Total amount	1 800 000 000 USD
Cusip	18912UAC6
Standard & Poor's ( S&P ) rating	B ( Highly speculative )
Moody's rating	B2 ( Highly speculative )
Next Coupon	30/06/2026 ( In 170 days )
Detailed description	Cloud Software Group is a leading provider of cloud-based software solutions specializing in enterprise resource planning (ERP), customer relationship management (CRM), and human capital management (HCM) systems. Market participants are closely observing the performance of a high-yield bond issued by Cloud Software Group, identified by ISIN US18912UAC62 (CUSIP: 18912UAC6). Cloud Software Group, incorporated in the United States as the issuing entity, is a prominent holding company within the enterprise software sector. It was established following the acquisition of Citrix Systems and Tibco Software by Vista Equity Partners and Evergreen Coast Capital. The group specializes in delivering critical software solutions for enterprises, encompassing virtualization, networking, data analytics, and integration services through its key subsidiaries, focusing on enabling digital transformation and cloud-based operations for a global client base. This particular bond, denominated in US Dollars (USD), carries a substantial annual interest rate of 8.25% and has a maturity date set for June 30, 2032. Interest is paid semi-annually, with a frequency of two payments per year. The total original issue size of this offering was significant, amounting to $1,800,000,000. Investors seeking to acquire this security should note the minimum purchase size requirement of $2,000. Currently, the bond trades above par, with a reported market price of 105.135% of its face value, reflecting market demand and the attractive coupon offered by the security. From a credit quality perspective, the bond carries non-investment grade ratings from leading agencies, with Standard & Poor's assigning a 'B' rating and Moody's assessing the bond at 'B2'. Both ratings place the security in the speculative, or 'junk bond,' category, indicating a higher level of credit risk compared to investment-grade instruments, a profile typically commensurate with the higher coupon rate offered to compensate investors.