Bond DANA Corporation 4.25% ( US235825AH97 ) in USD

Issuer	DANA Corporation
Market price	100 % ▲
Country	United States
ISIN code	US235825AH97 ( in USD )
Interest rate	4.25% per year ( payment 2 times a year)
Maturity	31/08/2030
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 USD
Total amount	400 000 000 USD
Cusip	235825AH9
Standard & Poor's ( S&P ) rating	BB ( Non-investment grade speculative )
Moody's rating	B1 ( Highly speculative )
Next Coupon	03/09/2026 ( In 151 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. This financial analysis details a specific bond issuance by Dana Inc., a globally recognized leader in the design and manufacture of highly engineered solutions for improving the efficiency, performance, and sustainability of powered vehicles and machinery. Headquartered in Maumee, Ohio, United States, and established in 1904, Dana Inc. serves diverse global markets including light vehicles, commercial vehicles, off-highway equipment, and industrial applications, solidifying its position as a key innovator in the automotive and mobility sectors. The bond, identified by ISIN US235825AH97 and CUSIP 235825AH9, is a United States-issued obligation denominated in USD, offering a fixed annual interest rate of 4.25%. Interest payments are scheduled semi-annually, reflecting a frequency of two payments per year. This debt instrument carries a maturity date of August 31, 2030, and represents a total issue size of $400,000,000, with a minimum purchase increment set at $1,000. Currently, the bond is actively traded on the market at 100% of its par value. Regarding credit risk, the bond has been assigned a 'BB' rating by Standard & Poor's (S&P) and a 'B1' rating by Moody's, placing it within the speculative-grade category, which implies a higher level of credit risk compared to investment-grade instruments, a factor for investors to consider in their risk assessment.