Bond General Electric Co. 0% ( US36962GHP28 ) in USD

Issuer	General Electric Co.
Market price	99.45 % ⇌
Country	United States
ISIN code	US36962GHP28 ( in USD )
Interest rate	0%
Maturity	28/10/2036
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Minimal amount	1 000 USD
Total amount	15 000 000 USD
Cusip	36962GHP2
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	Baa1 ( Lower medium grade - Investment-grade )
Detailed description	General Electric (GE) is a multinational conglomerate corporation operating in various sectors including aviation, healthcare, power, and renewable energy. This financial article provides an in-depth analysis of a specific debt instrument, identified as a bond with ISIN code US36962GHP28 and CUSIP 36962GHP2, issued by General Electric in the United States. Key specifications for this bond include a current market price of 99.45% of its face value, denominated in USD, and a total issue size amounting to $15,000,000, with a minimum purchase size set at $1,000. Notably, the bond features a 0% interest rate, indicating a zero-coupon structure, meaning it does not pay periodic interest but is instead sold at a discount and matures at its face value on October 28, 2036; while a payment frequency of two is listed, typically implying semi-annual coupon payments, this is not applicable for a true zero-coupon bond, which exclusively provides a single payment at maturity. The issuer, General Electric (GE), is a renowned American multinational conglomerate with a storied history, currently undergoing a significant strategic transformation to streamline its operations, divesting from various segments to focus on its core industrial and energy sectors including aviation, power, and renewable energy, alongside its healthcare business (GE HealthCare). The bond holds investment-grade ratings from leading credit agencies, with a BBB+ rating from Standard & Poor's and a Baa1 rating from Moody's, reflecting the issuer's assessed capacity to meet its financial obligations, albeit at the lower end of the investment-grade spectrum.