Navient is a U.S.-based company that provides student loan management and servicing, primarily for federal student loans, and offers related financial services.
A recent review of the fixed-income market highlights a specific debt instrument issued by Navient, a prominent entity in the United States' financial services sector. Navient, headquartered in the United States, is a leading provider of asset management and business processing solutions for education loans, specializing in the servicing and collection of student loans and playing a significant role in the administration of federal and private student loan portfolios. The bond in question, identified by ISIN US78490FFJ30 and CUSIP 78490FFJ3, is a standard obligation denominated in US Dollars (USD) carrying an annual fixed interest rate, or coupon, of 5.8%, with interest payments scheduled semi-annually. This issuance has a total size of USD 988,000, with a minimum purchase lot of USD 1,000, and is set to mature on December 15, 2028. As of current market pricing, the bond trades at 100% of its par value. Regarding its credit profile, the bond has been rated 'B+' by Standard & Poor's (S&P) and 'Ba3' by Moody's, both indicating a non-investment grade or speculative rating, reflecting a higher degree of credit risk compared to investment-grade securities, which investors should duly consider.
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United States
US78490FFJ30 ( in USD )
