Bond Norfolk Southern Railways 5.75% ( US655844BB31 ) in USD

Issuer	Norfolk Southern Railways
Market price	100 % ⇌
Country	United States
ISIN code	US655844BB31 ( in USD )
Interest rate	5.75% per year ( payment 2 times a year)
Maturity	15/01/2016 - Bond has expired
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Minimal amount	2 000 USD
Total amount	499 025 000 USD
Cusip	655844BB3
Detailed description	Norfolk Southern Corporation is a major freight railroad company in the eastern United States, operating a network spanning 22 states and the District of Columbia. This financial article examines a specific fixed-income instrument, bond ISIN US655844BB31 (CUSIP: 655844BB3), which was issued by Norfolk Southern Corp. Norfolk Southern Corporation is a premier North American freight railroad company, headquartered in Norfolk, Virginia, operating an extensive railway network across the eastern and southern United States and serving diverse industries including agriculture, automotive, chemicals, construction, and energy, thereby representing a significant component of the U.S. transportation infrastructure. This particular bond, denominated in U.S. Dollars (USD) and originating from the United States, featured a fixed annual interest rate, or coupon, of 5.75% and was part of a substantial total issuance valued at $499,025,000, with a minimum purchase lot set at $2,000. Interest payments were scheduled semi-annually (frequency of 2), providing regular income to bondholders until its maturity date of January 15, 2016. Notably, as of its maturity date, the bond was quoted at 100% of its par value on the market, signifying that the obligation has indeed matured and has been fully redeemed by Norfolk Southern Corp, with all principal repaid to investors as per the terms of the bond agreement.