Bond Mercedes-Benz Konzern 0% ( USU2339CCY22 ) in USD

Issuer Mercedes-Benz Konzern
Market price 100 %  ⇌ 
Country  Germany
ISIN code  USU2339CCY22 ( in USD )
Interest rate 0%
Maturity 22/02/2021 - Bond has expired



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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.