Bond DANA Corporation 6.5% ( US235825AA45 ) in USD
| Issuer | DANA Corporation | ||
| Market price | 100 % ⇌ | ||
| Country | United States
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| ISIN code |
US235825AA45 ( in USD )
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| Interest rate | 6.5% per year ( payment 2 times a year) | ||
| Maturity | 15/02/2019 - Bond has expired | ||
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| Minimal amount | 2 000 USD | ||
| Total amount | 400 000 000 USD | ||
| Cusip | 235825AA4 | ||
| Standard & Poor's ( S&P ) rating | NR | ||
| Moody's rating | NR | ||
| Detailed description |
Dana Incorporated is a global leader in the design and manufacturing of highly engineered solutions for the propulsion and energy systems of vehicles and machinery. A comprehensive review of the Dana Inc. bond, identified by ISIN US235825AA45 and CUSIP 235825AA4, confirms its successful maturity and redemption. This fixed-income instrument, issued by Dana Inc., a globally recognized American supplier of highly engineered drivetrain, motion, and energy-management solutions for conventional, hybrid, and electric-powered vehicles, has concluded its lifecycle. Headquartered in Maumee, Ohio, Dana Inc. serves the light vehicle, commercial vehicle, and off-highway markets, contributing significantly to the automotive and industrial sectors with its extensive portfolio of axles, driveshafts, transmissions, and genuine service parts. The bond, denominated in USD, carried an annual interest rate of 6.5% with semi-annual payment frequency. The total issuance size for this obligation was $400,000,000, with a minimum purchase size established at $2,000. Originating from the United States, this specific bond matured on February 15, 2019, at a market price of 100%, indicating its full redemption upon expiry. It is important to note that this bond was not publicly rated by major credit agencies, holding an 'NR' (Not Rated) designation from both Standard & Poor's (S&P) and Moody's. |
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