Bond Connecticu 5% ( US207758SB02 ) in USD
Issuer | Connecticu |
Market price | 100 % ▲ |
Country | ![]() |
ISIN code |
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Interest rate | 5% per year ( payment 2 times a year) |
Maturity | 01/09/2019 - Bond has expired |
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Minimal amount | / |
Total amount | 22 950 000 USD |
Cusip | 207758SB0 |
Detailed description |
Connecticut is a New England state known for its diverse coastline, historic cities like Hartford and New Haven, and a strong economy driven by insurance, finance, and higher education. This article presents an analysis of a specific debt instrument, identified by its ISIN US207758SB02 and CUSIP 207758SB0, which was a bond issued by the State of Connecticut, a sovereign sub-national entity located within the United States, known for its established economic base and robust fiscal governance that underpins its capacity to raise capital through public debt markets. The bond was denominated in United States Dollars (USD) and featured a fixed annual interest rate of 5%, with interest payments distributed semi-annually, reflecting a payment frequency of two times per year. The total value of this particular issuance amounted to USD 22,950,000. This financial obligation reached its scheduled maturity date on September 1, 2019, and was subsequently repaid at par, indicating a market price of 100% at the time of redemption, thereby confirming the issuer's successful and timely fulfillment of its commitments to bondholders. |