Bond Mercedes-Benz Konzern 0% ( USU2339CDL91 ) in USD

Issuer	Mercedes-Benz Konzern
Market price	100 % ⇌
Country	Germany
ISIN code	USU2339CDL91 ( in USD )
Interest rate	0%
Maturity	05/11/2021 - Bond has expired
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Minimal amount	150 000 USD
Total amount	500 000 000 USD
Cusip	U2339CDL9
Standard & Poor's ( S&P ) rating	A- ( Upper medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
Detailed description	Mercedes-Benz Group AG is a German multinational automotive corporation that designs, manufactures, markets, and sells luxury vehicles and related services. An in-depth analysis of a specific fixed-income instrument reveals details concerning a bond, identified by ISIN USU2339CDL91 and CUSIP U2339CDL9, issued by the Mercedes-Benz Group, a globally recognized German automotive multinational acclaimed for its luxury vehicles, commercial vans, and mobility services. This bond, which originated from Germany, was denominated in USD and represented a total issuance size of $500,000,000, with a minimum tranche size for purchase set at $150,000. Despite indicating a 0% interest rate and a semi-annual payment frequency, the instrument successfully reached its maturity date on November 5, 2021, at which point it was fully redeemed at its par value of 100%. Throughout its lifecycle, the bond maintained robust credit ratings, specifically an A- from Standard & Poor's (S&P) and an A3 from Moody's, reflecting the issuer's strong financial standing.