Bond CogentComm Group 5.375% ( USU19283AC15 ) in USD

Issuer	CogentComm Group
Market price	100 % ▼
Country	United States
ISIN code	USU19283AC15 ( in USD )
Interest rate	5.375% per year ( payment 2 times a year)
Maturity	01/03/2022 - Bond has expired
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Minimal amount	2 000 USD
Total amount	250 000 000 USD
Cusip	U19283AC1
Standard & Poor's ( S&P ) rating	BB ( Non-investment grade speculative )
Moody's rating	N/A
Detailed description	Cogent Communications Group is a Tier 1 telecommunications provider offering IP transit, Ethernet, and colocation services globally. An analysis of the USU19283AC15 bond, issued by Cogent Communications Group, reveals a now-matured debt instrument that offered investors a competitive yield. This fixed-income security, identified by its ISIN USU19283AC15 and CUSIP U19283AC1, recently reached its maturity on March 1, 2022, and has since been fully redeemed. The bond, denominated in US Dollars (USD), carried an annual interest rate of 5.375%, with interest payments distributed semi-annually. The total issuance size for this debt instrument amounted to 250,000,000 USD, originating from the United States, with a minimum purchase requirement set at 2,000 USD per investor. At its maturity, the bond was reported to be trading at a market price of 100%, reflecting its full redemption at par. The issuer, Cogent Communications Group, is a prominent multinational Tier 1 optical IP network provider headquartered in the United States, specializing in offering high-capacity, low-cost internet access and data transport services primarily to businesses, service providers, and other carriers, with its robust network infrastructure underpinning critical digital communications globally. This particular bond was rated BB by the reputable credit rating agency Standard & Poor's (S&P), indicating a speculative grade investment, which has now concluded its lifecycle with full repayment.