Bond DowChem 1.8% ( US26054LY723 ) in USD

Issuer	DowChem
Market price	83.688 % ⇌
Country	United States
ISIN code	US26054LY723 ( in USD )
Interest rate	1.8% per year ( payment 2 times a year)
Maturity	15/12/2030
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Minimal amount	1 000 USD
Total amount	374 000 USD
Cusip	26054LY72
Standard & Poor's ( S&P ) rating	BBB ( Lower medium grade - Investment-grade )
Moody's rating	Baa2 ( Lower medium grade - Investment-grade )
Next Coupon	15/12/2025 ( Today )
Detailed description	Dow Chemical Company is a multinational chemical corporation producing and selling various chemicals, plastics, and agricultural products globally. A recent market observation highlights the debt instrument issued by Dow Chemical, specifically a bond bearing ISIN US26054LY723 and CUSIP 26054LY72. Dow Chemical, a prominent global materials science company, is headquartered in the United States and is recognized for its broad portfolio of products and solutions across various sectors, including packaging, infrastructure, consumer care, and transportation. The company leverages its extensive expertise and integrated assets to deliver innovative, science-based solutions that create value for its customers and contribute to a more sustainable future. Its operations span across numerous countries, establishing it as a key player in the global chemical industry. This particular fixed-income security, denominated in USD, is currently trading below par at 83.688% of its face value, reflecting prevailing market conditions relative to its coupon rate. It carries a stated interest rate, or coupon, of 1.8% per annum, with interest payments distributed semi-annually, reflecting a payment frequency of 2 per year. The bond is set to mature on December 15, 2030, offering investors a long-term exposure to the issuer. The total nominal value of this specific issue stands at 374,000 units, with a minimum purchase increment set at 1,000 units. The creditworthiness of the issuer, and consequently this debt instrument, is assessed by leading rating agencies: Standard & Poor's has assigned a 'BBB' rating, while Moody's Investors Service provides a 'Baa1' rating. Both ratings fall within the investment-grade category, indicating a relatively low risk of default based on the agencies' assessments.