Bond Macey's Holdings 6.7% ( US577778BH56 ) in USD

Issuer	Macey's Holdings
Market price	100 % ▲
Country	United States
ISIN code	US577778BH56 ( in USD )
Interest rate	6.7% per year ( payment 2 times a year)
Maturity	15/09/2028
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Minimal amount	1 000 USD
Total amount	200 000 000 USD
Cusip	577778BH5
Standard & Poor's ( S&P ) rating	BB ( Non-investment grade speculative )
Moody's rating	Ba2 ( Non-investment grade speculative )
Next Coupon	15/03/2026 ( In 91 days )
Detailed description	Macy's Retail Holdings, Inc. is an American multinational department store chain operating primarily under the Macy's and Bloomingdale's brands, offering a wide range of apparel, home goods, cosmetics, and other merchandise through its stores and online platforms. This financial article details a specific bond issuance by Macy's Retail Holdings, a key entity within the retail sector, closely associated with the well-known American department store chain Macy's, Inc., which operates an extensive network of stores and an e-commerce platform across the United States. The debt instrument, identifiable by its ISIN US577778BH56 and CUSIP 577778BH5, is a U.S. dollar-denominated obligation with a fixed interest rate, or coupon, of 6.7%. The bond is slated to mature on September 15, 2028, and features a semi-annual payment frequency for its interest disbursements. The total size of this particular bond issuance amounts to $200,000,000, with a minimum purchase increment set at $1,000 for investors. As of the latest available data, the bond is trading at par in the market, indicated by its current market price of 100%. In terms of credit assessment, the bond has been rated 'BB' by Standard & Poor's (S&P) and 'Ba2' by Moody's, both of which fall within the speculative or non-investment grade category, suggesting a higher degree of credit risk for potential investors.