Bond DANA Corporation 5.625% ( US235825AG15 ) in USD

Issuer	DANA Corporation
Market price	100 % ▲
Country	United States
ISIN code	US235825AG15 ( in USD )
Interest rate	5.625% per year ( payment 2 times a year)
Maturity	14/06/2028
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Minimal amount	1 000 USD
Total amount	400 000 000 USD
Cusip	235825AG1
Standard & Poor's ( S&P ) rating	BB ( Non-investment grade speculative )
Moody's rating	B2 ( Highly speculative )
Next Coupon	15/06/2026 ( In 71 days )
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. Investors are currently evaluating a specific fixed-income opportunity issued by Dana Inc., a global leader in the design and manufacture of highly efficient driveline, sealing, and thermal-management technologies for conventional, hybrid, and electric-powered vehicles, serving as a prominent supplier to the automotive and commercial vehicle industries. This U.S.-issued corporate bond, identified by ISIN US235825AG15 and CUSIP 235825AG1, is a U.S. Dollar-denominated obligation with a 5.625% coupon rate, currently trading at par (100% of its face value) in the market. The total issuance size for this bond is $400,000,000, with a minimum purchase increment set at $1,000. It matures on June 14, 2028, and features semi-annual interest payments. Credit assessments for this instrument indicate a BB rating from Standard & Poor's and a B2 rating from Moody's, both falling within the non-investment grade category.