PACCAR Financial is the captive finance company of PACCAR Inc., providing financing solutions for the purchase of new and used PACCAR trucks (Kenworth, Peterbilt, DAF) and related equipment, including leasing, retail financing, and wholesale financing options.
Focusing on the US69371RL202 bond, a debt instrument issued by PACCAR Financial, the captive finance arm of PACCAR Inc.?a global technology leader renowned for designing and manufacturing premium light, medium, and heavy-duty trucks under brands like Kenworth, Peterbilt, and DAF, in addition to producing powertrain components and offering comprehensive financial services to its dealer network and customers?this bond, denominated in USD, was originally issued for $250,000,000 with a 0.8% annual interest rate paid semi-annually, a minimum purchase size of $1,000, and consistently traded at 100% of its face value; holding strong investment-grade credit ratings of A+ from Standard & Poor's and A1 from Moody's, the bond successfully matured on February 8, 2016, and has since been fully redeemed.
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