Bond Devonshire Energy 5.25% ( US25179MBC64 ) in USD

Issuer	Devonshire Energy
Market price	100 % ▲
Country	United States
ISIN code	US25179MBC64 ( in USD )
Interest rate	5.25% per year ( payment 2 times a year)
Maturity	15/09/2024 - Bond has expired
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Minimal amount	2 000 USD
Total amount	462 268 000 USD
Cusip	25179MBC6
Standard & Poor's ( S&P ) rating	BBB ( Lower medium grade - Investment-grade )
Moody's rating	Baa2 ( Lower medium grade - Investment-grade )
Detailed description	Devon Energy Corporation is an independent energy company engaged in the exploration, development, and production of oil and natural gas, primarily in the United States. The recent maturity and full repayment of the Devon Energy bond, identified by ISIN US25179MBC64 and CUSIP 25179MBC6, underscores the company's commitment to its financial obligations. Devon Energy, an independent energy producer primarily engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States, successfully settled this debt instrument. Issued in the United States, this bond featured a fixed annual interest rate of 5.25% and was denominated in USD. With a total issuance size of $462,268,000 and a minimum investment threshold of $2,000, the bond provided investors with semi-annual interest payments until its maturity date on September 15, 2024. Upon maturity, the bond was redeemed at 100% of its market price, confirming its successful reimbursement. The investment-grade credit ratings assigned to Devon Energy for this and similar instruments by leading agencies, specifically BBB from Standard & Poor's and Baa2 from Moody's, further attest to the company's strong capacity to meet its financial commitments.