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.
This financial article provides a detailed overview of a specific debt instrument previously issued by PACCAR Financial, the dedicated financing arm of PACCAR Inc., a globally recognized technology company and leading manufacturer of premium light, medium, and heavy-duty trucks. Identified by ISIN US69371RP344 and CUSIP 69371RP34, this bond originated from the United States and was denominated in USD. With an initial total issue size of $250,000,000 and a minimum purchase increment of $1,000, the instrument was characterized by a 0% interest rate and a stated payment frequency of two. Crucially, this bond reached its scheduled maturity on May 10, 2021, and was subsequently redeemed at 100% of its par value, marking the full repayment to bondholders.
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