Bond Magna Global 5.5% ( US559222AY07 ) in USD

Issuer	Magna Global
Market price	103.768 % ▼
Country	Canada
ISIN code	US559222AY07 ( in USD )
Interest rate	5.5% per year ( payment 2 times a year)
Maturity	21/03/2033
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Minimal amount	2 000 USD
Total amount	500 000 000 USD
Cusip	559222AY0
Standard & Poor's ( S&P ) rating	A- ( Upper medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
Next Coupon	21/03/2026 ( In 99 days )
Detailed description	Magna International Inc. is a Canadian multinational automotive parts supplier headquartered in Aurora, Ontario, designing, developing, and manufacturing automotive systems, assemblies, modules, and components, and engineering and assembling complete vehicles. Magna International, a prominent Canadian-based global automotive supplier renowned for its comprehensive range of vehicle systems, components, and engineering services, has an outstanding USD-denominated bond (ISIN: US559222AY07, CUSIP: 559222AY0), issued from Canada with a total size of $500,000,000 and a minimum purchase threshold of $2,000, which carries a fixed annual interest rate of 5.5% paid semi-annually, maturing on March 21, 2033, and is currently trading at 100.569% of its par value, reflecting the company's strong credit profile as evidenced by its investment-grade ratings of A- from Standard & Poor's and A3 from Moody's.