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ItalianoBond PACCAR Financial 2.85% ( US69371RR738 ) in USD
| Issuer | PACCAR Financial | ||||||||||||||||||||||||||||||||||||
| Market price | 95.48 % ▼ | ||||||||||||||||||||||||||||||||||||
| Country |  United States
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| ISIN code |
 US69371RR738 ( in USD )
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| Interest rate | 2.85% per year ( payment 2 times a year) | ||||||||||||||||||||||||||||||||||||
| Maturity | 07/04/2025 - Bond has expired | ||||||||||||||||||||||||||||||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 1 000 USD | ||||||||||||||||||||||||||||||||||||
| Total amount | 400 000 000 USD | ||||||||||||||||||||||||||||||||||||
| Cusip | 69371RR73 | ||||||||||||||||||||||||||||||||||||
| Standard & Poor's ( S&P ) rating | A+ ( Upper medium grade - Investment-grade ) | ||||||||||||||||||||||||||||||||||||
| Moody's rating | A1 ( Upper medium grade - Investment-grade ) | ||||||||||||||||||||||||||||||||||||
| Detailed description |
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. A detailed analysis of the PACCAR Financial bond, ISIN US69371RR738 (CUSIP: 69371RR73), reveals its characteristics as a significant fixed-income instrument issued by a robust entity within the financial sector. The issuer, PACCAR Financial, stands as the captive finance arm of PACCAR Inc., a global technology leader in the design, manufacture, and customer support of high-quality light, medium, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates, alongside producing advanced diesel engines and providing related financial services and information technology. This bond, denominated in United States Dollars (USD) and issued from the United States, carried an attractive interest rate, or coupon, of 2.85%. With a total issue size of 400,000,000 USD and a minimum purchase size set at 1,000 USD, it provided accessibility to a range of investors. The bond was structured with a maturity date of April 7, 2025, and featured a payment frequency of two times per year, typically implying semi-annual interest distributions. Significantly, this obligation recently reached its scheduled maturity and has been successfully redeemed at its par value of 100% of the principal amount. Its strong creditworthiness was underscored by robust ratings from leading agencies: Standard & Poor's (S&P) assigned an A+ rating, while Moody's rated it A1, both signifying high investment-grade quality with low credit risk. |
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