Bond NaviCorp 5% ( US78442FAQ19 ) in USD
| Issuer | NaviCorp | ||
| Market price | 100 % ⇌ | ||
| Country | United States
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| ISIN code |
US78442FAQ19 ( in USD )
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| Interest rate | 5% per year ( payment 2 times a year) | ||
| Maturity | 15/04/2015 - Bond has expired | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 525 000 000 USD | ||
| Cusip | 78442FAQ1 | ||
| Standard & Poor's ( S&P ) rating | NR | ||
| Moody's rating | NR | ||
| Detailed description |
Navient is a U.S.-based company that provides student loan management and servicing, primarily for federal student loans, and offers related financial services. This financial article details the specifications and status of a particular fixed-income security issued by Navient, a prominent American corporation primarily focused on servicing and collecting federal and private education loans, managing a vast portfolio of student loan assets. Identified by the International Securities Identification Number (ISIN) US78442FAQ19 and the CUSIP code 78442FAQ1, this bond was a U.S.-originated, U.S. Dollar-denominated obligation. It featured a stated annual interest rate, or coupon, of 5%, with interest payments distributed semi-annually to bondholders. The total aggregate size of this particular bond issuance amounted to $525,000,000, designed with a minimum purchase threshold set at $1,000 per unit. Crucially, this bond reached its stated maturity date on April 15, 2015, at which point it was fully redeemed at its par value, consistent with a market price of 100% prior to its redemption. Notably, this specific security was not assigned a credit rating by either Standard & Poor's (S&P) or Moody's, as indicated by their respective "NR" (Not Rated) designations. The successful repayment of this obligation upon its maturity confirms the issuer's fulfillment of its financial commitments to investors. |
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