Bond Deere Capital 1.25% ( US24422ERK72 ) in USD
| Issuer | Deere Capital | ||
| Market price | 100 % ⇌ | ||
| Country | United States
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| ISIN code |
US24422ERK72 ( in USD )
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| Interest rate | 1.25% per year ( payment 2 times a year) | ||
| Maturity | 02/12/2014 - Bond has expired | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 600 000 000 USD | ||
| Cusip | 24422ERK7 | ||
| Standard & Poor's ( S&P ) rating | NR | ||
| Moody's rating | NR | ||
| Detailed description |
John Deere Capital is the financial services arm of Deere & Company, offering financing and insurance solutions for agricultural and construction equipment. This article details a specific bond issuance, identified by ISIN US24422ERK72 and CUSIP 24422ERK7, from the issuer John Deere Capital, a wholly-owned subsidiary of Deere & Company, a globally recognized leader in the manufacturing of agricultural, construction, and forestry machinery. John Deere Capital plays a crucial role in supporting its parent company's sales by providing financial services, including retail and wholesale financing for customers and dealers worldwide, thereby facilitating the purchase of John Deere equipment. This particular obligation was issued in the United States, denominated in US Dollars (USD), and carried an annual interest rate of 1.25%, with interest payments made semi-annually. The total issuance size for this bond was $600,000,000, with a minimum purchase amount set at $1,000. While a market price of 100% was noted at some point, this bond crucially reached its maturity date on December 2, 2014, and has since been fully redeemed, indicating its principal and final interest payment were returned to bondholders as scheduled. Regarding credit assessments, this bond was not rated (NR) by either Standard & Poor's (S&P) or Moody's, two of the leading credit rating agencies, completing its predictable lifecycle as a fixed-income investment. |
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