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Hertz 12.625% 07/29 Bond
LATEST BOND PRICE
USD
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Bond Description
Current Coupon
12.625%
Maturity Date
15/07/2029
Credit Risk
High
Currency
USD
Seniority
1st lien
Coupon Type
Fixed
Country
USA
Industry Type
Commercial Services
Callable
Yes
Perpetual
No
Guarantor
None
Bond RatingsB-
Issuer Rating1
B-
Last Rating Action
Affirmed on 2024-12-19
Issuer Rating Watch/Outlook
Rating Outlook Negative
Issue Rating2
B+
Last Rating Action
Downgrade on 2024-12-19
Issuer Rating Action History
14/08/2024
B-
Rating Watch Maintained
Rating Watch Negative
28/06/2024
B-
Rating Watch Maintained
Rating Watch Negative
20/06/2024
B-
Rating Watch On
Rating Watch Negative
Yield Analysis
Yield3
12.21
Yield to Call
12.21
Z Spread (bps)
833.2
Duration
3
Next Coupon Date
15/07/2025
Accrued Interest
4.945
Next Call Date
Not Applicable
Next Call Price
106.31
Liquidity
Liquid
Next Reset Date
Not Applicable
Reset Index (Current Level)
Not Applicable
Spread
Not Applicable
Reset Index
Not Applicable
Bond Additional Information
ISIN Code
USU42804AY78
Registration Type
Regulation S
Amount Issued
1,250,000,000
Amount Outstanding
1,250,000,000
Issue Date
28/06/2024
Issue Price
100
Coupon Frequency
2
Day Count
30/360
Redemption Value
100
Min. Denomination
2,000
Footnotes:
1 Issuer rating is the Long-Term Issuer Default Rating (IDR). Ratings data provided by Fitch Ratings.
2 Issue rating is the Long-Term Issue Rating. Ratings data provided by Fitch Ratings.
3 Yield displays YTM. Exceptions are perpetuals, which will display "Not Applicable", and fix-to-float bonds, which will assume constant rate of coupon projection.
Last traded data sourced from BondCliQ.