Bond GAX 5.2% ( US361448AU75 ) in USD

Issuer	GAX
Market price	94.535 % ▼
Country	United States
ISIN code	US361448AU75 ( in USD )
Interest rate	5.2% per year ( payment 2 times a year)
Maturity	15/03/2044
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Minimal amount	1 000 USD
Total amount	300 000 000 USD
Cusip	361448AU7
Standard & Poor's ( S&P ) rating	BBB ( Lower medium grade - Investment-grade )
Moody's rating	Baa2 ( Lower medium grade - Investment-grade )
Next Coupon	15/03/2026 ( In 35 days )
Detailed description	GATX Corporation is a global leader in leasing and management of transportation equipment, including railcars, tank containers, and marine barges. This financial article details a specific corporate bond offering, identified by ISIN US361448AU75 and CUSIP 361448AU7, issued by GATX Corporation, a prominent global lessor of long-lived, physical assets, primarily focusing on railcars and locomotives, operating across various geographies including North America, Europe, Asia, and Australia, thereby providing essential transportation equipment solutions to a diverse customer base from its base country, the United States. This particular debt instrument carries a coupon interest rate of 5.2% and is denominated in U.S. Dollars (USD), with a total issue size amounting to $300,000,000 and a minimum purchase increment set at $1,000. Investors receive interest payments on a semi-annual basis, reflecting a payment frequency of two times per year, with the bond set to mature on March 15, 2044, providing a long-term investment horizon. As of the latest market data, the bond is trading at 89.827% of its par value, and regarding credit quality, the bond holds investment-grade ratings from major agencies, specifically a 'BBB' rating from Standard & Poor's (S&P) and a 'Baa2' rating from Moody's, both indicative of moderate credit risk and adequate capacity to meet financial commitments, though potentially more susceptible to adverse economic conditions than higher-rated issues.