Bond GM Financial 1.65% ( US37046AEC53 ) in USD

Issuer GM Financial
Market price 100 %  ▲ 
Country  United States
ISIN code  US37046AEC53 ( in USD )
Interest rate 1.65% per year ( payment 2 times a year)
Maturity 20/10/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 5 046 000 USD
Cusip 37046AEC5
Standard & Poor's ( S&P ) rating BBB ( Lower medium grade - Investment-grade )
Moody's rating Baa2 ( Lower medium grade - Investment-grade )
Detailed description General Motors Financial Company (GM Financial) is a wholly-owned subsidiary of General Motors that provides financing and insurance products for GM vehicles.

An investment-grade bond issued by General Motors Financial, identified by ISIN US37046AEC53 and CUSIP 37046AEC5, has successfully completed its lifecycle, reaching maturity and undergoing full redemption on October 20, 2024. General Motors Financial, the global captive finance arm of General Motors Company, is headquartered in the United States and plays a critical role in supporting the parent company's vehicle sales through a comprehensive suite of financial products, including retail loans, leases, and wholesale financing for dealerships. This strategic alignment with one of the world's largest automotive manufacturers underpins its robust financial profile and credit standing in the capital markets. The matured bond, denominated in USD, featured a fixed annual interest rate of 1.65%, distributed through semi-annual payments. The total issuance size for this specific tranche was $5,046,000, with a minimum purchase amount set at $1,000, catering to institutional and qualified retail investors. At its maturity date of October 20, 2024, the bond was redeemed at 100% of its par value, ensuring the full return of principal to bondholders. Throughout its issuance period, the bond maintained strong investment-grade credit ratings from leading agencies: Standard & Poor's assigned a 'BBB' rating, and Moody's provided a 'Baa2' rating. These ratings underscore the agencies' assessment of General Motors Financial's solid capacity to meet its financial obligations, supported by its strategic importance to its parent company and its established position within the automotive finance sector.