Bond General Electric Co. 4% ( US369604BM44 ) in USD
Issuer | General Electric Co. |
Market price | 100 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 4% per year ( payment 2 times a year) |
Maturity | Perpetual - Bond has expired |
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Minimal amount | 1 000 USD |
Total amount | 2 777 625 000 USD |
Cusip | 369604BM4 |
Standard & Poor's ( S&P ) rating | BBB- ( Lower medium grade - Investment-grade ) |
Moody's rating | N/A |
Detailed description |
General Electric (GE) is a multinational conglomerate corporation operating in various sectors including aviation, healthcare, power, and renewable energy. This financial overview details a bond issued by General Electric, identified by ISIN US369604BM44 and CUSIP 369604BM4. General Electric, a globally recognized industrial conglomerate headquartered in the United States, with a storied history in diverse sectors ranging from aviation to power and healthcare, originally issued this debt instrument from its home country. The bond, denominated in USD, carried an initial total issuance size of $2,777,625,000, with a minimum purchase increment set at $1,000. It featured a 4% annual interest rate, paid semi-annually, and was initially characterized by a perpetual maturity, meaning it had no set redemption date. Despite its perpetual nature, this specific bond has since been effectively retired, having reached a status of repayment, with its market price standing at 100% of par at the point of its repayment. It held an investment-grade credit rating of BBB- from Standard & Poor's. |