Bond Nissan Auto Finance 0% ( US654740AQ25 ) in USD

Issuer	Nissan Auto Finance
Market price	100.017 % ▲
Country	United States
ISIN code	US654740AQ25 ( in USD )
Interest rate	0%
Maturity	13/09/2019 - Bond has expired
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Minimal amount	2 000 USD
Total amount	500 000 000 USD
Cusip	654740AQ2
Detailed description	Nissan Motor Acceptance Corporation (NMAC) is a captive finance company that provides financing and leasing services for Nissan and Infiniti vehicles in the United States and Canada. An examination of the financial instrument identified as a bond, with ISIN US654740AQ25 and CUSIP 654740AQ2, reveals details pertaining to its issuance by Nissan Motor Acceptance, the captive finance company for Nissan, specializing in providing financing and leasing services to Nissan and Infiniti dealerships and customers. Originated in the United States, this particular bond had a total issuance size of $500,000,000, with a minimum purchase increment set at $2,000. Noteworthy for its structure, the bond bore a 0% interest rate, indicating it was likely a zero-coupon instrument designed to be purchased at a discount and redeemed at par upon maturity, despite a nominal payment frequency of 4 (quarterly) being recorded. Its last reported market price prior to maturity was 100.017% of par, denominated in USD. This debt instrument reached its maturity date on September 13, 2019, and has since been fully reimbursed to its holders, concluding its lifecycle on the financial markets.