Bond General Electric Co. 0% ( US36962GZU11 ) in USD

Issuer	General Electric Co.
Market price	99.43 % ⇌
Country	United States
ISIN code	US36962GZU11 ( in USD )
Interest rate	0%
Maturity	21/11/2042
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Minimal amount	1 000 USD
Total amount	50 000 000 USD
Cusip	36962GZU1
Standard & Poor's ( S&P ) rating	A- ( Upper medium grade - Investment-grade )
Moody's rating	A3 ( Upper 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 detailed financial article focuses on a specific debt instrument issued by General Electric, an American multinational conglomerate known for its extensive operations across critical industrial sectors including aviation, power, and renewable energy, having undergone significant strategic transformations and portfolio adjustments in recent years to streamline its core businesses. The bond, identified by ISIN US36962GZU11 and CUSIP 36962GZU1, is a long-term obligation issued from the United States with a total issue size of $50,000,000 USD and a minimum purchase size set at $1,000 USD. Maturing on November 21, 2042, this instrument carries a unique characteristic of a 0% coupon rate, signifying it as a zero-coupon bond where investors do not receive periodic interest payments; instead, the return on investment is fundamentally derived from the discount at which the bond is purchased relative to its par value at maturity. Despite its zero-coupon nature, the bond is currently trading on the market at 99.43% of its par value, denominated in USD, with its yield to maturity primarily reflecting the difference between its purchase price and the full face value received at the maturity date, and features a stated semi-annual payment frequency. Reflecting its creditworthiness, the bond has been assigned an A- rating by Standard & Poor's and an A3 rating by Moody's, both indicative of an investment-grade security with a moderate level of credit risk.