Bond Herts 5.875% ( USU4047WAA19 ) in USD

Issuer Herts
Market price 100 %  ⇌ 
Country  United States
ISIN code  USU4047WAA19 ( in USD )
Interest rate 5.875% per year ( payment 2 times a year) - Bond is in default, payments are suspended
Maturity 15/10/2020 - Bond has expired



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Minimal amount 2 000 USD
Total amount 700 000 000 USD
Cusip U4047WAA1
Standard & Poor's ( S&P ) rating N/A
Moody's rating N/A
Detailed description Hertz is a global car rental company offering a wide range of vehicles for rent in numerous countries worldwide.

Hertz's USU4047WAA19 5.875% bonds, a USD 700,000,000 issue maturing October 15, 2020, with a minimum trading size of 2,000 and a coupon payment frequency of 2, are currently trading at 100% of par value despite default and cessation of coupon payments.