BSM FULL POST-TRANSACTION PAYMENT ENABLEDBOND COMPLEXITY : MODERATEISIN: US500255AX28
KSS 5.125% 01May2031 Corp (USD)
KOHL'S CORPORATION
Bid Price
-
Bid Yield to Maturity
-
Bid Yield to Call
-
Min. Investment (Nominal)
2,000
Bid Volume
-
Ask Price
-
Ask Yield to Maturity
-
Ask Yield to Call
-
Next Call Date
31 Jan 2031
Ask Volume
-
Credit Rating (Bond)
Non-Investment Grade
Seniority
Investor Profile
High Yield Seeker
Chart
Created with Highcharts 9.3.2Chart context menuBid Yield to CallAsk Yield to CallBid Yield to MaturityAsk Yield to Maturity16. Sep18. Sep20. Sep22. Sep24. Sep26. Sep28. Sep30. Sep2. Oct4. Oct6. Oct8. Oct10. Oct12. Oct14. Oct77.588.599.5FSM Global
Bond Information
Kohl's Corporation operates as an omnichannel retailer. The Company's stores and website sells private and national brand apparel, footwear, accessories, beauty, and home products, as well as offers online shopping and store credit cards. Kohl's serves customers in the United States.
Bond Issuer
Kohl's Corporation
Guarantor
-
Announcement Date
28 Mar 2021
Issue Date
30 Mar 2021
Maturity Date / Next Call Date
30 Apr 2031 / 31 Jan 2031
Years to Maturity / Next Call
4.540 / 4.296
Issue/Reoffer Price
99.802
Issue/Reoffer Yield
3.398
Coupon Type
Fixed
Annual Coupon Rate (%)
5.125
Annual Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
Others
Reference Rate
-
ISIN
US500255AX28
CUSIP
500255AX2
Bond Currency
USD
Total Issue Size
USD 319,706,000
Minimum Investment Quantity (Nominal)
USD 2,000
Incremental with Min Investment Quantity (Nominal)
USD 1,000
Bond Registration
Wholesale
Bond Type
High Yield Corporate
Bond Sector
Consumer Discretionary
Bond Sub Sector
Diversified Consumer Services
Issuer Credit Rating (S&P/ Fitch)
***/BB-
Bond Credit Rating (S&P/ Fitch)
***/BB-
Shariah Compliant
No
W-8BEN Declaration needed 
Yes
Bond Feature(s)
The interest rate payable on the notes will be subject to adjustment from time to time if either Moody’s or S&P(or, in either case, a Substitute Rating Agency (as defined below)) downgrades (or subsequently upgrades) its rating assigned to the notes, as set forth below. Each of Moody’s, S&P and any Substitute Rating Agency is an “Interest Rate Rating Agency,” and together they are “Interest Rate Rating Agencies.”

If the rating of the notes from one or both of Moody’s or S&P (or, if applicable, any Substitute Rating Agency) is decreased to a rating set forth in either of the immediately following tables, the interest rate on the notes will increase from the interest rate set forth on the cover page of this prospectus supplement by an amount equal to the sum of the percentages per annum set forth in the following tables opposite those ratings:

Moody’s Rating* Percentage
Ba1 0.25%
Ba2 0.50%
Ba3 0.75%
B1 or below 1.00%

S&P Rating* Percentage
BB+ 0.25%
BB 0.50%
BB- 0.75%
B+ or below 1.00%

Please refer to Prospectus Supplement dated March 29, 2021 page S-16 for more information.
If a Change of Control Repurchase Event (as defined below) occurs in respect of the notes, unless we have exercised our right to redeem the notes as described above, we will make an offer to each holder of notes to repurchase all or any part (in integral multiples of $1,000) of that holder’s notes at a repurchase price in cash equal to 101% of the aggregate principal amount of notes repurchased plus any accrued and unpaid interest on the notes repurchased to the date of purchase.

“Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

“Change of Control” means the occurrence of any of the following:

(1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of our properties or assets and those of our subsidiaries taken as a whole to any “person” or “group” (as that term is used in Section 13(d)(3) of the Exchange Act), other than us or one of our subsidiaries;

(2) the adoption of a plan relating to our liquidation or dissolution;

(3) the first day on which a majority of the members of our Board of Directors are not Continuing Directors; or

(4) the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation) the result of which is that any “person” or “group” (as that term is used in Section 13(d)(3) of the Exchange Act), other than us or one of our wholly-owned subsidiaries, becomes the beneficial owner,directly or indirectly, of more than 50% of the then outstanding number of shares of our Voting Stock, measured by voting power rather than number of shares.
The notes will be redeemable at our option, in whole or in part, at any time prior to February 1, 2031 (three months prior to the maturity date of the notes) (the “Par Call Date”) at a redemption price equal to the greater of:

(i) 100% of the principal amount of the notes to be redeemed; and

(ii) the sum of the present values of the remaining scheduled payments of principal and interest there on that would be due if such notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the date of redemption), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate(as defined below), plus 25 basis points,

plus, in each case, accrued and unpaid interest thereon to the date of redemption.
In addition, we may redeem the notes at our option, in whole or in part, at any time on or after the Par Call Date)at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest thereon to the date of redemption.

Par Call Date: February 1, 2031
“Below Investment Grade Rating Event” means the rating on the notes is lowered by each of the Rating Agencies and such notes are rated below Investment Grade by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which period shall be extended so long as the rating of such notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Repurchase Event hereunder) if any of the Rating Agencies making the reduction in rating to which this definition would otherwise apply does not announce or publicly confirm or inform the trustee in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event).
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (CALL)
ASK YIELD (MATURITY)
15 Oct 202690.59291.0427.6137.295
14 Oct 202690.10590.5557.7557.420
13 Oct 202690.50090.9507.6347.319
12 Oct 202690.63791.0877.5937.284
11 Oct 202690.02090.7207.6997.378
08 Oct 202689.57690.2767.8307.493
07 Oct 202689.42190.1217.8757.533
06 Oct 202689.55390.2537.8297.499
05 Oct 202688.75189.4518.0667.707
04 Oct 202688.08888.7888.2627.882
Total of 66 entries
10 / Page
FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
pdfIcon
Prospectus Supplement
3.375% NOTES DUE 2031. Prospectus Supplement dated March 29, 2021.
pdfIcon
Pricing Supplement
$500,000,000 3.375% Notes due 2031. Final Term Sheet dated March 29, 2021.
Related Bonds

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FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.20% / Min. USD 1.88*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of USD 1.88 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
Est. Payable Amount
USD 52.48
Years to Call
4 years 3+ months
Est. Total Income
USD 486.88
Yield to Call
-
Indicative Cash Flow
Nominal Value
USD 2,000.00
  • 2031
    Jan
    Coupon
    USD 25.63
    Early Redemption
    USD 2,000.00
  • 2030
    Oct
    Coupon
    USD 51.25
  • Apr
    Coupon
    USD 51.25
  • 2029
    Oct
    Coupon
    USD 51.25
  • Apr
    Coupon
    USD 51.25
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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