Bond Mercedes-Benz Group 0% ( USU2339CCY22 ) in USD
| Issuer | Mercedes-Benz Group | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country | Germany
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| ISIN code |
USU2339CCY22 ( in USD )
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| Interest rate | 0% | ||||||||
| Maturity | 22/02/2021 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 150 000 USD | ||||||||
| Total amount | 1 150 000 000 USD | ||||||||
| Cusip | U2339CCY2 | ||||||||
| Standard & Poor's ( S&P ) rating | BBB+ ( Lower medium grade - Investment-grade ) | ||||||||
| Moody's rating | N/A | ||||||||
| Detailed description |
Mercedes-Benz Group AG is a German multinational automotive corporation that designs, manufactures, markets, and sells luxury vehicles and related services. An analysis reveals the concluded lifecycle of a specific bond issuance by Mercedes-Benz Group, ISIN USU2339CCY22 and CUSIP U2339CCY2, an obligation originating from Germany's globally recognized automotive and financial services conglomerate headquartered in Stuttgart, a corporate entity known for its iconic brands and extensive market presence, which, denominated in USD and representing a total issuance size of $1,150,000,000 with a minimum lot size of $150,000, carried a 0% interest rate implying a zero-coupon structure where its value derived from a discount at issuance and full principal repayment at maturity rather than periodic interest distributions despite a noted payment frequency of 2, ultimately reaching its scheduled maturity on February 22, 2021, and subsequently confirmed as fully repaid to bondholders, trading at 100% of its market value at the time of redemption, having been rated BBB+ by Standard & Poor's (S&P) throughout its active period, underscoring the issuer's creditworthiness. |
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