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Bond Deane Foods 6.9% ( US242361AB99 ) in USD

Issuer	Deane Foods
Market price	100 %  ⇌
Country	United States
ISIN code	US242361AB99 ( in USD )
Interest rate	6.9% per year ( payment 2 times a year)
Maturity	15/10/2017 - Bond has expired
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Minimal amount	1 000 USD
Total amount	150 000 000 USD
Cusip	242361AB9
Standard & Poor's ( S&P ) rating	B+ ( Highly speculative )
Moody's rating	B3 ( Highly speculative )
Detailed description	Dean Foods was a major dairy processing and distribution company in the United States, filing for bankruptcy in 2019 and subsequently being acquired and reorganized. This financial analysis details a specific fixed-income instrument: a bond issued by Dean Foods, an entity historically recognized as one of the largest processors and direct-to-store distributors of fluid milk and dairy products in the United States, operating extensively across the country and serving a broad customer base. This particular bond, identified by ISIN US242361AB99 and CUSIP 242361AB9, was issued in the United States and denominated in U.S. Dollars (USD). It featured a coupon interest rate of 6.9% and represented a total issuance size of $150,000,000, with a minimum purchase increment set at $1,000. Interest payments were structured with a frequency of two per year, indicating semi-annual disbursements to bondholders. The bond reached its scheduled maturity date on October 15, 2017, and was subsequently redeemed at 100% of its par value, successfully fulfilling its principal obligations to investors. Prior to its maturity, the instrument's credit quality was assessed by leading rating agencies: Standard & Poor's (S&P) assigned it a rating of B+, while Moody's rated it B3, both classifications placing the bond within the speculative-grade category.