Bond NaviCorp 5% ( US78442FAX69 ) in USD
Issuer | NaviCorp | ||
Market price | 100 % ⇌ | ||
Country | ![]() |
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ISIN code |
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Interest rate | 5% per year ( payment 2 times a year) | ||
Maturity | 15/06/2018 - Bond has expired | ||
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Minimal amount | 1 000 USD | ||
Total amount | 200 000 000 USD | ||
Cusip | 78442FAX6 | ||
Standard & Poor's ( S&P ) rating | B+ ( Highly speculative ) | ||
Moody's rating | Ba3 ( Non-investment grade speculative ) | ||
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 analysis details a specific bond issuance, identified by ISIN US78442FAX69 and CUSIP 78442FAX6, which has already reached its maturity date of June 15, 2018, and has been fully redeemed. The bond was issued by Navient, a prominent American corporation specializing in student loan servicing and asset management within the United States. This particular USD-denominated bond carried a 5% coupon rate and paid interest semi-annually, with its final market price recorded at 100% of par value upon redemption. The total issuance size for this instrument was $200,000,000, with a minimum purchase increment set at $1,000. At the time of its active life, the bond held a B+ credit rating from Standard & Poor's (S&P) and a Ba3 rating from Moody's. |