Bond Taylor Morrison Communities 5.75% ( US87724RAB87 ) in USD
| Issuer | Taylor Morrison Communities | ||||||
| Market price | |||||||
| Country | United States
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| ISIN code |
US87724RAB87 ( in USD )
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| Interest rate | 5.75% per year ( payment 2 times a year) | ||||||
| Maturity | 01/14/2028 | ||||||
| Minimal amount | 2 000 USD | ||||||
| Total amount | 450 000 000 USD | ||||||
| Cusip | 87724RAB8 | ||||||
| Standard & Poor's ( S&P ) rating | BB+ ( Non-investment grade speculative ) | ||||||
| Moody's rating | Ba1 ( Non-investment grade speculative ) | ||||||
| Next Coupon | 01/15/2027 ( In 62 days ) | ||||||
| Detailed description |
Taylor Morrison Homes is a large, publicly traded homebuilder in the United States offering a diverse range of homes across various price points and styles in numerous communities. This financial article details a specific debt instrument issued by Taylor Morrison Communities, a prominent national homebuilder and developer operating across the United States. The bond, identified by its ISIN US87724RAB87 and CUSIP 87724RAB8, is a U.S. dollar-denominated security originating from the United States, currently quoted at 100% of its face value in the market. It features a fixed annual interest rate of 5.75%, with interest payments distributed semi-annually. The total size of this particular issuance amounts to $450,000,000, with a minimum purchase size set at $2,000 for investors. The debt instrument carries a defined maturity date of January 14, 2028, and its creditworthiness has been independently assessed by leading rating agencies: Standard & Poor's has assigned a 'BB+' rating, while Moody's has provided a 'Ba1' rating, both classifications offering insights into the issuer's capacity to meet its financial obligations. |
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