Bond Mars Inc 3.6% ( USU57346AC93 ) in USD

Issuer Mars Inc
Market price refresh price now   100 %  ▲ 
Country  United States
ISIN code  USU57346AC93 ( in USD )
Interest rate 3.6% per year ( payment 2 times a year)
Maturity 03/31/2034
Minimal amount 2 000 USD
Total amount 600 000 000 USD
Cusip U57346AC9
Standard & Poor's ( S&P ) rating A ( Upper medium grade - Investment-grade )
Moody's rating N/A
Next Coupon 04/01/2027 ( In 137 days )
Detailed description Mars, Incorporated is a privately held American multinational manufacturer of confectionery, pet food, and other food products, with famous brands including M&M's, Snickers, Pedigree, and Whiskas.

**Mars Inc. Issues A-Rated Fixed-Income Bond with 3.6% Coupon, Maturing in 2034** Mars Inc., the global confectionery, pet care, and food giant, a privately held, family-owned enterprise renowned for its extensive portfolio of iconic brands such as M&M's, Snickers, Pedigree, and Ben's Original, stands as a dominant force across diverse consumer goods sectors. Its robust and diversified revenue streams, coupled with a long-standing market presence and consistent financial performance, underpin its strong credit profile. This strength is independently affirmed by Standard & Poor's (S&P), which has assigned an 'A' credit rating to the company, signifying a strong capacity to meet financial commitments, albeit with a moderate susceptibility to adverse economic conditions compared to higher-rated entities. In a recent offering from the United States, Mars Inc. has issued a fixed-income bond, identified by ISIN USU57346AC93 and CUSIP U57346AC9. This debt instrument, denominated in US Dollars (USD), is currently observed trading at its par value, reflecting a market price of 100% of its face value. The bond provides investors with a fixed annual interest rate, or coupon, of 3.6%, with interest payments distributed semi-annually, ensuring regular income streams for bondholders. The total size of this particular issuance is substantial, amounting to $600,000,000, indicative of the company's significant financing activities or capital management strategies. For prospective investors, the minimum purchase quantity is stipulated at $2,000, rendering this investment-grade corporate debt accessible to a broad spectrum of market participants. The bond is set to mature on March 31, 2034, at which point the principal amount will be repaid to investors, marking a clear horizon for capital return.
DateClean price
08/07/2024100.00%
04/21/202489.68%
08/28/2023111.80%
08/04/2023111.80%
07/11/2023111.80%
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04/06/2020109.85%
04/03/2020106.73%
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04/22/2019100.40%
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