Bond Gather Midstream I 7.5% ( USU2468WAC11 ) in USD

Issuer	Gather Midstream I
Market price	105.375 % ⇌
Country	United States
ISIN code	USU2468WAC11 ( in USD )
Interest rate	7.5% per year ( payment 2 times a year)
Maturity	15/05/2032
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Minimal amount	2 000 USD
Total amount	500 000 000 USD
Cusip	U2468WAC1
Standard & Poor's ( S&P ) rating	BB- ( Non-investment grade speculative )
Next Coupon	15/05/2026 ( In 95 days )
Detailed description	Harvest Midstream I is a private equity-backed midstream energy company focused on providing natural gas gathering, processing, and transportation services primarily in the Permian Basin. This financial article details a specific fixed-income instrument, a bond issued by Harvest Midstream I, identified by ISIN USU2468WAC11 and CUSIP U2468WAC1. Harvest Midstream I operates within the critical midstream energy sector, managing infrastructure essential for the transportation and processing of hydrocarbons in the United States, which is also the country of issuance for this security. The bond, denominated in USD, features a 7.5% coupon rate with payments distributed semi-annually and is set to mature on May 15, 2032. With a total issuance size of $500,000,000, the instrument is currently trading at 105.375% of its par value on the open market, indicating a premium, and is available for purchase in minimum increments of $2,000. Standard & Poor's has assigned this bond a credit rating of BB-, categorizing it within the non-investment grade spectrum.