Bond Patterson-UTI Resources Inc. 7.15% ( US703481AD36 ) in USD

Issuer	Patterson-UTI Resources Inc.
Market price	107.525 % ▲
Country	United States
ISIN code	US703481AD36 ( in USD )
Interest rate	7.15% per year ( payment 2 times a year)
Maturity	30/09/2033
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Cusip	703481AD3
Standard & Poor's ( S&P ) rating	BBB- ( Lower medium grade - Investment-grade )
Moody's rating	Baa3 ( Lower medium grade - Investment-grade )
Next Coupon	01/04/2026 ( In 53 days )
Detailed description	Patterson-UTI Energy Inc. is a leading provider of pressure pumping and other well site services to the oil and gas industry in the United States and Canada, operating through its pressure pumping and other well site services segments. This financial analysis details a specific fixed-income instrument, an obligation identified by its International Securities Identification Number (ISIN) US703481AD36 and further uniquely coded with the CUSIP 703481AD3. The issuer of this bond is Patterson-UTI Energy Inc., an entity whose creditworthiness and operational profile are key considerations for potential investors in the energy sector. Originating from the United States, this bond falls under U.S. regulatory frameworks and market dynamics. As of the latest market data, the bond is trading at 103.271% of its par value, indicating it is currently priced at a premium in the market. Denominated in United States Dollars (USD), both the principal and interest payments are subject to USD currency fluctuations, a critical factor for investors with different base currencies. The instrument carries an attractive coupon rate of 7.15%, representing the annual interest paid to bondholders relative to the bond's face value. Its maturity date is set for September 30, 2033, at which point the full principal amount is scheduled for repayment. Interest payments are scheduled bi-annually, occurring twice per year, providing a consistent income stream for investors. Comprehensive credit assessments from prominent rating agencies offer crucial insights into the issuer's financial stability and ability to meet its debt obligations: Standard & Poor's (S&P) has assigned a rating of BBB-, classifying it within the lower segment of investment-grade bonds, while Moody's has similarly rated the bond Baa3, which also corresponds to a lower investment-grade classification, collectively reflecting the agencies' assessment of Patterson-UTI Energy Inc.'s capacity to honor its financial commitments.