Bond NaviCorp 5.7% ( US78490FSB66 ) in USD
| Issuer | NaviCorp | ||
| Market price | |||
| Country | United States
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| ISIN code |
US78490FSB66 ( in USD )
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| Interest rate | 5.7% per year ( payment 2 times a year) | ||
| Maturity | 15/03/2030 | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 3 305 000 USD | ||
| Cusip | 78490FSB6 | ||
| Standard & Poor's ( S&P ) rating | BB- ( Non-investment grade speculative ) | ||
| Moody's rating | Ba3 ( Non-investment grade speculative ) | ||
| Next Coupon | 15/03/2026 ( In 98 days ) | ||
| 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 analysis focuses on a specific corporate bond issued by Navient, identified by its ISIN US78490FSB66 and CUSIP 78490FSB6, an instrument originating from the United States. Navient, the issuer, is a significant American financial services company primarily engaged in education loan management and servicing, having spun off from Sallie Mae's loan management arm to become a major player in the U.S. higher education finance sector. The bond itself features a fixed interest rate of 5.7%, with its principal and interest denominated in United States Dollars (USD), and is scheduled to mature on March 15, 2030. Interest payments are made semi-annually, reflecting a payment frequency of two times per year. As of the latest market data, the bond is trading at 88% of its par value, indicating it is available at a discount to its face amount. The total nominal value of this particular issuance amounts to $3,305,000, with a minimum purchase increment set at $1,000, making it accessible for varying investment scales. Reflecting its creditworthiness, the bond has received ratings from prominent agencies: Standard & Poor's (S&P) has assigned a 'BB-' rating, while Moody's has provided a 'Ba3' rating, both classifications placing the bond within the speculative-grade category, signifying a higher risk profile compared to investment-grade debt. |
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