Bond Transoceanic Corp 5.875% ( USG90071AA21 ) in USD

Issuer	Transoceanic Corp
Market price	100 % ▲
Country	United States
ISIN code	USG90071AA21 ( in USD )
Interest rate	5.875% per year ( payment 2 times a year)
Maturity	14/01/2024 - Bond has expired
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Minimal amount	2 000 USD
Total amount	750 000 000 USD
Cusip	G90071AA2
Standard & Poor's ( S&P ) rating	CCC+ ( Substantial risks )
Moody's rating	N/A
Detailed description	Transocean Ltd. is a Swiss-based offshore drilling contractor providing contract drilling services to the global oil and gas industry. This financial overview details the key attributes of a bond issued by Transocean Inc. (ISIN: USG90071AA21, CUSIP: G90071AA2), a leading global provider of offshore contract drilling services for oil and gas wells, headquartered in the United States. The debt instrument, denominated in US Dollars (USD), featured a fixed coupon interest rate of 5.875%, with interest payments disbursed semi-annually. The total initial issuance size amounted to USD 750,000,000, designed for investors with a minimum purchase increment set at USD 2,000. Crucially, this bond reached its stated maturity date on January 14, 2024, and has since been fully redeemed and repaid by the issuer. At the time of its repayment, the bond was trading at 100% of its face value on the market, affirming a full return of principal to bondholders. Prior to its maturity, the bond was assigned a credit rating of CCC+ by the reputable rating agency Standard & Poor's (S&P), a rating generally indicating a high level of speculative risk, reflecting the issuer's capacity to meet its financial commitments, though remaining vulnerable to adverse economic conditions.