Bond Honeywell Global 5.3% ( US438516AX42 ) in USD
Issuer | Honeywell Global | ||
Market price | 100 % ⇌ | ||
Country | ![]() |
||
ISIN code |
![]() |
||
Interest rate | 5.3% per year ( payment 2 times a year) | ||
Maturity | 01/03/2018 - Bond has expired | ||
|
|||
Minimal amount | 2 000 USD | ||
Total amount | 900 000 000 USD | ||
Cusip | 438516AX4 | ||
Standard & Poor's ( S&P ) rating | A ( Upper medium grade - Investment-grade ) | ||
Moody's rating | A2 ( Upper medium grade - Investment-grade ) | ||
Detailed description |
Honeywell International is a diversified technology and manufacturing company that produces aerospace products and services, building technologies, performance materials and technologies, and safety and productivity solutions. A notable fixed-income instrument, the Honeywell International bond, identified by ISIN US438516AX42 and CUSIP 438516AX4, recently concluded its lifecycle, having successfully matured and been repaid. The issuer, Honeywell International, is a prominent American multinational conglomerate operating in diversified industries, including aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions. Headquartered in the United States, Honeywell is recognized globally for its advanced technology and manufacturing capabilities, serving a broad spectrum of commercial and industrial clients, which contributes to its robust financial standing. This particular bond, denominated in US Dollars (USD), featured a fixed annual interest rate of 5.3%, with interest payments made twice annually to investors. The total issuance size for this obligation was substantial, amounting to $900,000,000, catering to a wide range of institutional and individual investors with a minimum purchase size of $2,000. Originally issued with a maturity date of March 1, 2018, the bond was consistently traded at par, reflecting a market price of 100% leading up to its redemption. As of its maturity date, the bond was successfully repaid, ensuring investors received their principal back as per the original terms, underscoring Honeywell International's strong creditworthiness and commitment to its financial obligations. Its credit quality was further affirmed by leading rating agencies: Standard & Poor's assigned an 'A' rating, while Moody's rated it 'A2', both ratings falling into the upper-medium investment grade category, indicating a strong capacity to meet financial commitments. |