Bond Volkswagon 6.2% ( USU9273ADX01 ) in USD

Issuer	Volkswagon
Market price	104.444 % ▼
Country	Germany
ISIN code	USU9273ADX01 ( in USD )
Interest rate	6.2% per year ( payment 2 times a year)
Maturity	16/11/2028
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Minimal amount	200 000 USD
Total amount	700 000 000 USD
Cusip	U9273ADX0
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Next Coupon	16/05/2026 ( In 153 days )
Detailed description	Volkswagen Group is a German multinational automotive manufacturer headquartered in Wolfsburg, Germany, and one of the world's largest producers of cars, with numerous brands including Volkswagen, Audi, Porsche, Skoda, Bentley, Lamborghini, Bugatti, SEAT, and Scania. This financial article highlights a noteworthy fixed-income instrument, specifically an obligation issued by the globally renowned automotive manufacturer Volkswagen, designated by ISIN USU9273ADX01 and CUSIP U9273ADX0. The issuer, Volkswagen AG, headquartered in Wolfsburg, Germany, represents one of the world's largest and most diversified automotive groups, encompassing an extensive portfolio of brands including Audi, Porsche, Skoda, SEAT, Bentley, Lamborghini, Ducati, Scania, and MAN, alongside its core Volkswagen brand, underpinning its significant financial standing and operational reach across passenger vehicles, commercial vehicles, and motorcycles. This particular bond, issued from Germany, is denominated in USD and carries a fixed interest rate of 6.2%, providing investors with semi-annual coupon payments. With a maturity date set for November 16, 2028, this bond offers a medium-term investment horizon. The total size of this specific issuance amounts to $700,000,000, with a minimum lot size for purchase established at $200,000, typically catering to institutional or sophisticated investors. Currently, the bond is trading on the secondary market at 103.36% of its par value, indicating strong market demand or a yield-to-maturity lower than its coupon due to prevailing market conditions. Furthermore, the instrument benefits from an investment-grade credit rating of BBB+ from Standard & Poor's (S&P), reflecting the issuer's adequate capacity to meet its financial commitments and a moderate level of credit risk, while acknowledging some susceptibility to adverse economic conditions.