Bond Harley-Davidson Funding Inc. 1.55% ( USU24652AE65 ) in USD
| Issuer | Harley-Davidson Funding Inc. |
| Market price | 100 % ⇌ |
| Country | United States
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| ISIN code |
USU24652AE65 ( in USD )
|
| Interest rate | 1.55% per year ( payment 2 times a year) |
| Maturity | 17/11/2017 - Bond has expired |
|
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| Minimal amount | 2 000 USD |
| Total amount | 400 000 000 USD |
| Cusip | U24652AE6 |
| Detailed description |
Harley-Davidson Financial Services Inc. provides financing and insurance products to support the purchase of Harley-Davidson motorcycles and related products, as well as other financial services to its customers. **Analysis of a Matured Harley-Davidson Financial Services Inc. Bond Issuance** This financial article details a specific bond issuance by Harley-Davidson Financial Services Inc., identified by ISIN USU24652AE65 and CUSIP U24652AE6, which has successfully reached maturity and been redeemed. The bond, denominated in USD, originated from the United States, reflecting its issuer's primary operational base. Harley-Davidson Financial Services Inc. (HDFS) operates as a wholly-owned subsidiary of Harley-Davidson, Inc., the iconic American motorcycle manufacturer. Its core function is to provide financial products and services to support the sales of Harley-Davidson motorcycles and related products. This includes offering wholesale financing to dealers for inventory purchases and retail financing options for individual customers, covering new and used motorcycles, as well as parts, accessories, and general merchandise. As a captive finance arm, HDFS plays a crucial role in enabling sales and fostering customer loyalty for its parent company, thereby integrating financial services directly into the brand's ecosystem. The particular bond issuance in question featured a fixed annual interest rate of 1.55%, with coupon payments disbursed twice yearly, aligning with a standard semi-annual payment frequency for such instruments. The total original size of this specific debt offering was USD 400,000,000, indicating a substantial capital raise for HDFS. Individual investors were able to participate with a minimum purchase size set at USD 2,000, allowing for broader market accessibility. This fixed-income security matured on November 17, 2017. Upon its maturity, the bond was redeemed at 100% of its principal value, confirming that the issuer fulfilled its obligation to repay the full initial investment to bondholders. This successful redemption at par signifies the complete and timely return of capital to investors, marking the conclusion of the bond's lifecycle without any reported defaults or pricing anomalies at its final settlement. |
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