Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company, operating primarily in the Midwest and Gulf Coast regions of the United States.
A review of fixed-income instruments highlights a bond issued by Marathon Petroleum Corporation, a leading American petroleum refining, marketing, and transportation company, identified by ISIN US56585AAG76 and CUSIP 56585AAG7; this USD-denominated bond, originating from the United States, carried a 3.625% interest rate with semi-annual payment frequency and an original total issue size of $750,000,000, featuring a minimum purchase size of $2,000; with a maturity date of September 14, 2024, the bond, which had been trading at a market price of 99.886% prior to its expiration, has since reached its maturity and been fully redeemed, its credit quality having been further underscored by investment-grade ratings from prominent agencies, receiving a 'BBB' from Standard & Poor's and a 'Baa2' from Moody's.
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