Frontier Communications Corp. is a telecommunications company that provides internet, phone, and television services primarily to residential and business customers in rural areas of the United States.
An analysis of a specific fixed-income instrument details a bond issued by Frontier Communications Corp, identifiable by ISIN US35906AAQ13 and CUSIP 35906AAQ1, originating from the United States, with this USD-denominated obligation, part of a $750,000,000 total issue size, having been structured with an annual interest rate of 6.875% paid semi-annually, maturing on January 14, 2025, and offered for a minimum purchase of $1,000; notably, Frontier Communications Corp, a prominent telecommunications provider in the United States known for its extensive network and its prior financial restructuring through Chapter 11 bankruptcy, has officially defaulted on this obligation, resulting in the discontinuation of all coupon payments, a significant event reflecting its financial distress and substantially impacting its market valuation and the prospects for investor recovery, despite its nominal value standing at 100% of par.
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US35906AAQ13 ( in USD )
