Bond Ford Credit LLC 0% ( US345397YP29 ) in USD

Issuer	Ford Credit LLC
Market price	100 % ⇌
Country	United States
ISIN code	US345397YP29 ( in USD )
Interest rate	0%
Maturity	03/08/2022 - Bond has expired
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Minimal amount	200 000 USD
Total amount	600 000 000 USD
Cusip	345397YP2
Detailed description	Ford Motor Credit Company LLC is a wholly-owned subsidiary of Ford Motor Company that provides financing for the purchase or lease of Ford and Lincoln vehicles, as well as related financial products and services. This financial article outlines the key specifications of a bond identified by ISIN US345397YP29 and CUSIP 345397YP2. The issuer, Ford Motor Credit Co Llc, operates as the primary financial services arm of the Ford Motor Company, providing wholesale financing to dealerships and purchasing retail receivables from them, playing a crucial role in supporting the automotive manufacturer's sales and dealer network through various financial products and services. This particular obligation, originating from the United States, was denominated in USD and constituted a total issue size of $600,000,000, with an initial minimum purchase requirement of $200,000. A distinctive feature of this bond was its 0% interest rate, combined with a specified payment frequency of 2, indicating a unique coupon structure or a zero-coupon design where the principal repayment at maturity provided the yield. The bond reached its maturity date on August 3, 2022, and was successfully repaid at 100% of its face value, signifying its full redemption and conclusion from the market.