Bond GerdauCorp 8.875% ( USP2867PAB15 ) in USD

Issuer	GerdauCorp
Market price	100 % ⇌
Country	Brazil
ISIN code	USP2867PAB15 ( in USD )
Interest rate	8.875% per year ( payment 2 times a year)
Maturity	Perpetual
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Minimal amount	100 000 USD
Total amount	600 000 000 USD
Cusip	P2867PAB1
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	N/A
Next Coupon	03/09/2025 ( In 121 days )
Detailed description	Gerdau is a Brazilian multinational steel producer, one of the world's largest, specializing in long steel products. Gerdau issued a perpetual USD-denominated bond (ISIN: USP2867PAB15, CUSIP: P2867PAB1) with an 8.875% coupon rate, a total issuance size of $600,000,000, a minimum purchase amount of $100,000, currently trading at 100% of par value, and paying semi-annually.