Question
Find the cost of debt based on YTM of the long-term corporate bond. Issue Summary Coupon At Offer 2.85 Coupon Type Fixed Maturity Date Apr-23-2024
Find the cost of debt based on YTM of the long-term corporate bond.
| Issue Summary |
|
| |
| Coupon At Offer | 2.85 |
| |
| Coupon Type | Fixed |
| |
| Maturity Date | Apr-23-2024 |
| |
| Offering Date | Apr-23-2019 |
| |
| Offering Price | 99.965 |
| |
| Offering Yield | - |
| |
| Offering Amount (AUDmm) | 400 |
| |
| Amount Outstanding (AUDmm) | 400 |
| |
| Principal Amount | 10000 |
|
|
| Issue Features | - | ||
| Pricing and Valuation |
|
|
|
| Evaluation Date | May-18-2022 | Spread to Worst (bps) | 71 |
| Current Price | 98.41 | Current Benchmark | - |
| Yield to Worst | 3.712 | Current Benchmark Maturity | - |
| Yield to Worst Date | - | Duration | 1.85 |
| Yield to Worst Date Type | Maturity | Convexity | 4.375 |
| Coupon Information |
|
|
|
| Current Coupon | 2.85 | Dated Date | Apr-23-2019 |
| Coupon Type | Fixed | First Interest Payment | Oct-23-2019 |
| Payment Frequency | Semi-Annual | Next Interest Payment | Oct-23-2022 |
| Day Count Basis | ACT/ACT | Last Interest Payment | - |
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