Bond Mercedes-Benz Konzern 0% ( USU2339CDS45 ) in USD

Issuer	Mercedes-Benz Konzern
Market price	100 % ⇌
Country	United States
ISIN code	USU2339CDS45 ( in USD )
Interest rate	0%
Maturity	15/02/2022 - Bond has expired
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Minimal amount	150 000 USD
Total amount	1 500 000 000 USD
Cusip	U2339CDS4
Standard & Poor's ( S&P ) rating	A- ( Upper 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. A detailed analysis of the recently matured fixed-income instrument, ISIN USU2339CDS45 (CUSIP U2339CDS4), reveals its issuance by the globally recognized automotive and mobility powerhouse, Mercedes-Benz Group. Headquartered in Germany, Mercedes-Benz Group stands as a leading provider of premium vehicles and mobility services, encompassing segments like Mercedes-Benz Cars, Vans, and Daimler Truck. This specific bond, denominated in USD and issued in the United States, was part of a significant offering totaling USD 1,500,000,000, with a minimum purchase size set at USD 150,000. Noteworthy for its 0% interest rate, suggesting it was structured as a zero-coupon bond, it reached its maturity on February 15, 2022, and has since been fully redeemed at its 100% market price. Although a payment frequency of 2 (semi-annual) was indicated, no periodic interest disbursements were made due to the zero-coupon structure. Prior to its redemption, the bond benefited from an investment-grade credit rating of A- from Standard & Poor's (S&P), underscoring the issuer's robust financial standing.