Bond VeriCom 4.75% ( US92346MCC38 ) in USD

Issuer	VeriCom
Market price	86.888 % ▲
Country	United States
ISIN code	US92346MCC38 ( in USD )
Interest rate	4.75% per year ( payment 2 times a year)
Maturity	15/03/2048
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Minimal amount	1 000 USD
Total amount	9 556 000 USD
Cusip	92346MCC3
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	Baa1 ( Lower medium grade - Investment-grade )
Next Coupon	15/09/2025 ( In 59 days )
Detailed description	Verizon Communications is a leading American telecommunications conglomerate providing wireless and wireline services, including internet, television, and voice communication, operating across the United States and internationally. This financial analysis details a specific long-term debt instrument, identified by ISIN US92346MCC38 and CUSIP 92346MCC3, issued by Verizon Communications, a leading global telecommunications conglomerate headquartered in the United States. As one of the largest wireless carriers in the U.S., Verizon provides a comprehensive suite of communication products and services, including wireless voice and data, broadband, and video, to a diverse customer base spanning consumers, businesses, and government entities, leveraging its extensive network infrastructure and significant market share to maintain a prominent position within the highly competitive telecommunications industry. This particular bond carries a fixed coupon interest rate of 4.75% and is denominated in U.S. Dollars (USD), with interest payments distributed to bondholders on a semi-annual basis, aligning with a payment frequency of two times per year. The instrument features a distant maturity date of March 15, 2048, positioning it as a long-duration asset potentially appealing to investors with a long-term investment horizon. Currently trading on the open market at 86.888% of its par value, this bond is available at a discount, which implies a yield to maturity higher than its nominal coupon rate for new acquisitions. The issuer's credit quality is affirmed by investment-grade ratings from major independent agencies, with Standard & Poor's assigning a 'BBB+' rating and Moody's providing a 'Baa1' rating, both signifying a moderate credit risk and the issuer's adequate capacity to meet its financial commitments. The total original issue size for this series of bonds amounted to $9,556,000, with individual investors able to acquire these securities in minimum increments of $1,000 face value.