Bond ViaCBS 4.875% ( US92553PAQ54 ) in USD

Issuer	ViaCBS
Market price	72.419 % ▼
Country	United States
ISIN code	US92553PAQ54 ( in USD )
Interest rate	4.875% per year ( payment 2 times a year)
Maturity	15/06/2043
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Minimal amount	2 000 USD
Total amount	250 000 000 USD
Cusip	92553PAQ5
Standard & Poor's ( S&P ) rating	BB+ ( Non-investment grade speculative )
Moody's rating	Baa3 ( Lower medium grade - Investment-grade )
Next Coupon	15/12/2025 ( In 134 days )
Detailed description	ViacomCBS was a mass media company formed from the merger of Viacom and CBS Corporation, encompassing numerous entertainment properties including Paramount Pictures, MTV, Nickelodeon, Showtime, and CBS Television Network, offering content across television, film, and streaming platforms. A notable fixed-income instrument under current market observation is the ViacomCBS bond, identified by ISIN US92553PAQ54 and CUSIP 92553PAQ5. This specific debt security, issued in the United States, carries a fixed annual interest rate, or coupon, of 4.875% and matures on June 15, 2043. Interest payments are distributed semi-annually, reflecting a payment frequency of two per year. The bond is denominated in United States Dollars (USD) and represents a total issue size of $250,000,000, with a minimum purchase increment set at $2,000. As of recent market data, this bond is trading at 74.58% of its par value. The issuer, ViacomCBS, was a prominent American diversified multinational mass media and entertainment conglomerate, formed from the re-merger of CBS Corporation and Viacom in 2019. Its extensive portfolio encompassed major broadcast television networks such as CBS, a wide array of cable channels including Showtime, MTV, Nickelodeon, and Comedy Central, alongside the renowned film studio Paramount Pictures, and streaming services like Pluto TV. This diversified asset base positioned ViacomCBS as a significant player in content creation and distribution across various platforms. The credit quality of this bond is assessed by leading rating agencies: Standard & Poor's (S&P) has assigned a rating of BB+, while Moody's has rated it Baa3. The Baa3 rating from Moody's places the bond in the lower medium-grade category, considered investment grade but with some speculative characteristics, whereas S&P's BB+ rating signifies a non-investment grade, or 'junk bond' status, indicating a higher degree of speculative risk. The current market price of 74.58% suggests that the bond is trading at a significant discount to its par value, which could imply a higher yield to maturity for potential investors compared to its coupon rate, reflecting market perceptions of risk, interest rate movements, or the issuer's credit trajectory since issuance. This bond, therefore, presents characteristics typical of a long-duration corporate fixed-income asset with a specific risk-return profile shaped by both its intrinsic features and the issuer's financial standing and market dynamics.