Bond Volkswagen Group of America 2.4% ( USU9273AAM72 ) in USD
| Issuer | Volkswagen Group of America | ||||||
| Market price | 100.00 % ⇌ | ||||||
| Country | United States
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| ISIN code |
USU9273AAM72 ( in USD )
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| Interest rate | 2.4% per year ( payment 2 times a year) | ||||||
| Maturity | 22/05/2020 - Bond has expired | ||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 200 000 USD | ||||||
| Total amount | 750 000 000 USD | ||||||
| Cusip | U9273AAM7 | ||||||
| Standard & Poor's ( S&P ) rating | BBB+ ( Lower medium grade - Investment-grade ) | ||||||
| Moody's rating | N/A | ||||||
| Detailed description |
Volkswagen Group of America, Inc. is a subsidiary of the Volkswagen Group, overseeing the sales, marketing, and service of Volkswagen, Audi, Porsche, Bentley, Lamborghini, and Ducati brands in the United States. An analysis of a specific fixed-income instrument issued by Volkswagen Group of America provides insight into the characteristics and lifecycle of corporate bonds. This particular bond, identified by ISIN USU9273AAM72 and CUSIP U9273AAM7, was issued by Volkswagen Group of America, the U.S. subsidiary responsible for the distribution, sales, and marketing of Volkswagen and Audi vehicles across the United States, alongside the provision of financial services to its customers and dealer network. The bond was issued from the United States and denominated in US Dollars (USD). It featured a stated interest rate of 2.4% and an overall issue size totaling $750,000,000, with a minimum purchase size set at $200,000. Interest payments were scheduled with a frequency of two times per year, indicating semi-annual disbursements to bondholders. This debt instrument matured on May 22, 2020, and has since been fully repaid to its investors. At the time of its maturity, the bond's market price stood at 100% of its face value, confirming the full return of principal. Furthermore, the bond carried an investment-grade rating of BBB+ from the reputable credit rating agency Standard & Poor's (S&P), reflecting its assessed credit quality. The successful maturity and repayment of this obligation underscore the issuer's financial performance and adherence to its commitments within the fixed-income market. |
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