Bond MitsCorp 2.5% ( XS2020663055 ) in USD

Issuer	MitsCorp
Market price	100 % ▲
Country	Japan
ISIN code	XS2020663055 ( in USD )
Interest rate	2.5% per year ( payment 2 times a year)
Maturity	08/07/2024 - Bond has expired
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Minimal amount	200 000 USD
Total amount	500 000 000 USD
Detailed description	Mitsubishi Corporation is a Japanese multinational conglomerate company headquartered in Tokyo, involved in a wide range of businesses including natural resources, machinery, chemicals, foods, and finance. A significant financial instrument, the Mitsubishi Corporation bond identified by ISIN XS2020663055, reached its maturity date on July 8, 2024, and has since been fully redeemed. This USD-denominated obligation, carrying a coupon rate of 2.5%, was part of a substantial issuance totaling $500,000,000. Interest payments were distributed semi-annually, reflecting a standard market practice. The bond's market price at the time of redemption was noted at 100% of its face value, indicating a par repayment. The minimum purchase size for this specific bond was set at $200,000. The issuer, Mitsubishi Corporation, is a venerable Japanese multinational conglomerate and one of the world's largest general trading companies (sogo shosha). Headquartered in Japan, the corporation operates across a vast array of industries globally, including natural gas, industrial materials, petroleum and chemicals, mineral resources, industrial infrastructure, automotive and mobility, food industry, consumer industry, and power solutions, underscoring its pivotal role in international commerce. The successful maturity and redemption of this bond affirm Mitsubishi Corporation's robust financial management and commitment to its debt obligations.