E E F G B Visa Corporation, the credit card issuer. What is Visa's long term debt rating? Is this good, bad or medium? Yield Debt. Review the note and complete the following data. Effective What is the mini yield curve for Visa showing? Senior Notes due 2020 Senior Notes due Dec 2022 Senior Notes due 2025 Senior Notes due 2035 - What other types of debt does the company issue or have access to? . 3 0 CA 12000 WWW 2020 19 20 18 4WD 10 1/1 VINI 10 M 19/1- 10/1 2013 10.000.000 SENE T! ta madam TE One of 54100 $55. 00000 SOLEDO . $20.000.000 $170.000.000 0 0.000 B.000 SOLO, 10000.0 ... 0.000 55672.00 5.000.000 0.00 61 SI10000 SIAMO 2012 ON HITS more The Company had outstanding debt as follows: June 30, 2020 220% Senior Notes due December 2020 2.15% Senior Notes due September 2022 2.00% Senior Notes due December 2022 3.15% Senior Notes due December 2025 1.90% Senior Notes due April 2027 2 75% Senior Notes due September 2027 20% Senior Notes due April 2030 4.15% Senior Notes due December 2035 270% Senior Notes due April 2040 4.30% Senior Notes due December 2045 38% Senior Notes due September 2047 Total debt Unamortized discounts and debt issuance costs Hedge accounting fair value adjustments Total carrying value of debt 3.000 1.000 2.250 4,000 1.600 750 1.500 1.500 1.000 3.500 750 20.750 (139) 263 20.579 September 30, 2019 Effective interest Rate In millions, except percentages) 3.000 1.000 230 % 2.250 2.89% 4.000 3.26 % 2.02% 750 2.91% 2413% 1.500 423 % 20% 3.500 437% 750 1.73% 16.750 (106) 10.729 $ Reported as: Current matunities of debt Long-term debt Total carrying value of debt 2,999 17.880 20.879 16,720 15.729 Effective interest rates declosed do not reflect hedge accounting adjustments Represent the change in tair value of interest rate swap agreements entered into on a portion of certain outstanding senior notes Commercial Paper Program Visa maintains a commercial paper program to support its working capital requirements and for other general corporate purposes. Under the program, the Company is authorized to issue up to $1 billion in outstanding notes, with maturities up to 397 days from the date of issuance. During the three months anded June 30, 2020. the Company repaid $10 billion of commercial paper that was issued during the three months ended March 31, 2020. The Company had no outstanding obligations under the program at June 30, 2020 and September 30, 2019. Effective interest rates declosed do not reflect hedge accounting adjustments Represents the chango in fair values of interest rate wap agreements entered into on a portion of certain outstanding senior notes Commercial Paper Program Visa maintains a commercial paper program to support its working capital requirements and for other general corporate purposes. Under the program, the Company is authorized to issue up to $30 billion in outstanding notes, with maturities up to 397 days from the date of issuance. During the three months ended June 30, 2020, the Company repaid $10 billion of commercial paper that was issued during the three months ended March 31, 2020. The Company had no outstanding obligations under the program at June 30, 2020 and September 30, 2019. Senior Notes In April 2020, the Company issued fixed-rate senior notes in a public offering for an aggregate principal amount of $40 billion, with maturities ranging between 1 and 20 years. The April 2027 Notes, 2030 Notes and 2040 Notes, or collectively, the "2020 Notes", have interest rates of 1.90% 2.05% and 2.70%, respectively. Interest on the 2020 Notes is payable semi-annually on April 15 and October 15 of each year, commencing October 15, 2020. The net aggregate proceeds, after deducting discounts and debt issuance costs, were approximately $4.0 billion. The Company plans to use the net proceeds for general corporate purposes. The 2020 Notes are senior unsecured obligations of the Company, ranking equally with the Company's other senior unsecured indebtedness. The Company may redeem the 2020 Notes as a whole or in part at any time and from time to time at specified redemption prices. Future principal payments on the Company's outstanding debt are as follows: For the Years Ending September 30, 2020 2022 2023 2024 Thereafter Total (in Millions) Future principal payments 3.000 $ 1.000 $ 2.250 14.500 $ 20.7.50 2021 E E F G B Visa Corporation, the credit card issuer. What is Visa's long term debt rating? Is this good, bad or medium? Yield Debt. Review the note and complete the following data. Effective What is the mini yield curve for Visa showing? Senior Notes due 2020 Senior Notes due Dec 2022 Senior Notes due 2025 Senior Notes due 2035 - What other types of debt does the company issue or have access to? . 3 0 CA 12000 WWW 2020 19 20 18 4WD 10 1/1 VINI 10 M 19/1- 10/1 2013 10.000.000 SENE T! ta madam TE One of 54100 $55. 00000 SOLEDO . $20.000.000 $170.000.000 0 0.000 B.000 SOLO, 10000.0 ... 0.000 55672.00 5.000.000 0.00 61 SI10000 SIAMO 2012 ON HITS more The Company had outstanding debt as follows: June 30, 2020 220% Senior Notes due December 2020 2.15% Senior Notes due September 2022 2.00% Senior Notes due December 2022 3.15% Senior Notes due December 2025 1.90% Senior Notes due April 2027 2 75% Senior Notes due September 2027 20% Senior Notes due April 2030 4.15% Senior Notes due December 2035 270% Senior Notes due April 2040 4.30% Senior Notes due December 2045 38% Senior Notes due September 2047 Total debt Unamortized discounts and debt issuance costs Hedge accounting fair value adjustments Total carrying value of debt 3.000 1.000 2.250 4,000 1.600 750 1.500 1.500 1.000 3.500 750 20.750 (139) 263 20.579 September 30, 2019 Effective interest Rate In millions, except percentages) 3.000 1.000 230 % 2.250 2.89% 4.000 3.26 % 2.02% 750 2.91% 2413% 1.500 423 % 20% 3.500 437% 750 1.73% 16.750 (106) 10.729 $ Reported as: Current matunities of debt Long-term debt Total carrying value of debt 2,999 17.880 20.879 16,720 15.729 Effective interest rates declosed do not reflect hedge accounting adjustments Represent the change in tair value of interest rate swap agreements entered into on a portion of certain outstanding senior notes Commercial Paper Program Visa maintains a commercial paper program to support its working capital requirements and for other general corporate purposes. Under the program, the Company is authorized to issue up to $1 billion in outstanding notes, with maturities up to 397 days from the date of issuance. During the three months anded June 30, 2020. the Company repaid $10 billion of commercial paper that was issued during the three months ended March 31, 2020. The Company had no outstanding obligations under the program at June 30, 2020 and September 30, 2019. Effective interest rates declosed do not reflect hedge accounting adjustments Represents the chango in fair values of interest rate wap agreements entered into on a portion of certain outstanding senior notes Commercial Paper Program Visa maintains a commercial paper program to support its working capital requirements and for other general corporate purposes. Under the program, the Company is authorized to issue up to $30 billion in outstanding notes, with maturities up to 397 days from the date of issuance. During the three months ended June 30, 2020, the Company repaid $10 billion of commercial paper that was issued during the three months ended March 31, 2020. The Company had no outstanding obligations under the program at June 30, 2020 and September 30, 2019. Senior Notes In April 2020, the Company issued fixed-rate senior notes in a public offering for an aggregate principal amount of $40 billion, with maturities ranging between 1 and 20 years. The April 2027 Notes, 2030 Notes and 2040 Notes, or collectively, the "2020 Notes", have interest rates of 1.90% 2.05% and 2.70%, respectively. Interest on the 2020 Notes is payable semi-annually on April 15 and October 15 of each year, commencing October 15, 2020. The net aggregate proceeds, after deducting discounts and debt issuance costs, were approximately $4.0 billion. The Company plans to use the net proceeds for general corporate purposes. The 2020 Notes are senior unsecured obligations of the Company, ranking equally with the Company's other senior unsecured indebtedness. The Company may redeem the 2020 Notes as a whole or in part at any time and from time to time at specified redemption prices. Future principal payments on the Company's outstanding debt are as follows: For the Years Ending September 30, 2020 2022 2023 2024 Thereafter Total (in Millions) Future principal payments 3.000 $ 1.000 $ 2.250 14.500 $ 20.7.50 2021