Bond Deere Capital 3% ( US24424CBM29 ) in USD

Issuer Deere Capital
Market price 100 %  ⇌ 
Country  United States
ISIN code  US24424CBM29 ( in USD )
Interest rate 3% per year ( payment 2 times a year)
Maturity 15/06/2015 - Bond has expired



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Minimal amount 1 000 USD
Total amount 31 057 000 USD
Cusip 24424CBM2
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 financial article provides a comprehensive overview of a specific bond issuance, identified by ISIN US24424CBM29 and CUSIP 24424CBM2, which was issued by John Deere Capital; it is important to note from the outset that this obligation has successfully reached its maturity date of June 15, 2015, and has subsequently been fully redeemed. John Deere Capital, the issuer of this particular bond, is a wholly-owned subsidiary of Deere & Company, the globally renowned American corporation primarily engaged in manufacturing agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment; John Deere Capital serves as the financial services arm of its parent company, providing financing solutions for customers and dealers purchasing John Deere equipment, and its operations are critical to facilitating sales and supporting the broader business objectives of Deere & Company, establishing it as a significant player in the industrial financial services sector. The bond, a fixed-income security of the 'Obligation' type, originated from the United States and was denominated in United States Dollars (USD); it carried a fixed interest rate, or coupon, of 3%, and the total size of this particular issuance was 31,057,000 USD, with a minimum investment denomination set at 1,000 USD, while interest payments were scheduled with a frequency of two times per year, typically implying semi-annual disbursements to bondholders. A key characteristic of this bond is its current status: it matured on June 15, 2015, and was, as indicated, repaid; at the point of redemption, the bond's market price was 100% of its par value, signifying that investors received their full principal back. Regarding its creditworthiness, the bond received a 'NR' (Not Rated) designation from both major credit rating agencies, Standard & Poor's (S&P) and Moody's, at the time of its assessment. In summary, this John Deere Capital bond represents a successfully completed financial instrument, having fulfilled its obligations by maturing and repaying its principal at par value to investors on the specified date, underscoring the operational stability of its well-established issuer.