Bond CrownCastle Global Corp 2.1% ( US22822VAW19 ) in USD

Issuer	CrownCastle Global Corp
Market price	89.05 % ▲
Country	United States
ISIN code	US22822VAW19 ( in USD )
Interest rate	2.1% per year ( payment 2 times a year)
Maturity	31/03/2031
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Minimal amount	2 000 USD
Total amount	1 000 000 000 USD
Cusip	22822VAW1
Standard & Poor's ( S&P ) rating	BBB ( Lower medium grade - Investment-grade )
Moody's rating	Baa3 ( Lower medium grade - Investment-grade )
Next Coupon	01/10/2026 ( In 178 days )
Detailed description	Crown Castle International Corp. is a real estate investment trust (REIT) that owns, operates, and leases shared infrastructure supporting wireless communications networks, primarily in the United States, with a growing presence in other markets. This article provides a detailed analysis of a specific bond issuance by Crown Castle International Corp., identified by its ISIN US22822VAW19 and CUSIP 22822VAW1. Crown Castle International Corp. stands as a premier real estate investment trust (REIT) and a leading independent owner and operator of shared communications infrastructure in the United States. Its extensive portfolio, crucial for the ongoing deployment of 5G networks, comprises over 40,000 cell towers, approximately 85,000 small cell nodes, and 90,000 miles of fiber optic cable, generating revenue through long-term leases to major wireless carriers. This particular obligation, issued in the United States and denominated in US Dollars, carries a fixed annual interest rate (coupon) of 2.1%. Interest payments are scheduled on a semi-annual basis, equating to a payment frequency of two times per year. The bond is set to mature on March 31, 2031, representing a medium-term debt instrument. The total size of this issuance amounts to USD 1,000,000,000, indicating a substantial financing operation. Currently, the bond is trading on the secondary market at 85.76% of its par value, implying a discount. The minimum investment for this bond is set at USD 2,000. Furthermore, the bond holds investment-grade credit ratings from major agencies, with Standard & Poor's (S&P) assigning a 'BBB' rating and Moody's providing a 'Baa3' rating, signifying moderate credit risk and the issuer's adequate capacity to meet its financial commitments.