Bond Global Maritime Inc. 7% ( US379352AL15 ) in USD

Issuer	Global Maritime Inc.
Market price	97.73 % ▲
Country	United States
ISIN code	US379352AL15 ( in USD )
Interest rate	7% per year ( payment 2 times a year)
Maturity	30/05/2028
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Minimal amount	1 000 USD
Total amount	300 000 000 USD
Cusip	379352AL1
Standard & Poor's ( S&P ) rating	CCC+ ( Substantial risks )
Moody's rating	N/A
Next Coupon	01/06/2026 ( In 114 days )
Detailed description	Global Marine Inc. is a provider of offshore marine services specializing in the installation, maintenance, and repair of subsea telecommunication cables and offshore oil and gas infrastructure. A detailed analysis of a specific debt instrument reveals an obligation issued by Global Marine Inc., a United States-based entity operating within the marine sector, identified by ISIN US379352AL15 and CUSIP 379352AL1, which is denominated in USD and currently trades at 89.8% of its par value, offering a 7% coupon rate paid semi-annually, and forms part of a total issuance valued at $300,000,000, with a minimum purchase increment set at $1,000, maturing on May 30, 2028, and notably carrying a CCC+ credit rating from Standard & Poor's (S&P), indicative of a high-yield, speculative-grade investment.