Bond Nissan Auto Finance 0% ( USU65478BK12 ) in USD

Issuer	Nissan Auto Finance
Market price	100 % ⇌
Country	United States
ISIN code	USU65478BK12 ( in USD )
Interest rate	0%
Maturity	28/09/2022 - Bond has expired
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Minimal amount	2 000 USD
Total amount	450 000 000 USD
Cusip	U65478BK1
Detailed description	Nissan Motor Acceptance Corporation (NMAC) is a captive finance company that provides financing and leasing services for Nissan and Infiniti vehicles in the United States and Canada. An analysis of the debt instrument market highlights the completed life cycle of a bond issued by Nissan Motor Acceptance, the specialized financial services division of the global automotive manufacturer Nissan Motor Co., Ltd., primarily responsible for providing a range of financing products to support Nissan's dealer network and consumer base. This specific fixed-income security, identified by ISIN USU65478BK12 and CUSIP U65478BK1, was a U.S.-issued obligation denominated in USD, with an original total issue size amounting to $450,000,000 and a minimum purchase increment set at $2,000. Despite the provided data indicating a 0% interest rate and a payment frequency of 2 (typically signifying semi-annual coupon distributions), the bond successfully reached its maturity date on September 28, 2022, and was subsequently redeemed at 100% of its principal value, marking its full and final settlement by the issuer.