OneMain Financial is a consumer finance company offering personal loans, primarily to borrowers with less-than-perfect credit, through a network of physical branches and online channels.
This obligation, identified by ISIN US85172FAP45 (CUSIP: 85172FAP4), which was issued by OneMain Finance, a prominent American consumer finance company specializing in the provision of personal loans to a diverse customer base across the United States, has successfully reached its scheduled maturity date of March 14, 2024, and has been fully redeemed. Originating from the United States and denominated in USD, this bond offered a fixed annual interest rate of 6.125%, with interest payments disbursed semi-annually, reflecting a payment frequency of two times per year. The total size of this particular issue amounted to $1,300,000,000, with a minimum investment size for purchasers set at $2,000. Prior to its maturity, the bond was rated BB- by Standard & Poor's (S&P) and Ba3 by Moody's, indicating its sub-investment grade classification, and ultimately, it was redeemed at 100% of its principal value, concluding its lifecycle as a financial instrument.
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