BOND COMPLEXITY : MODERATEISIN: US852234AP86
XYZ 3.500% 01Jun2031 Corp (USD)
BLOCK, INC.
Indicative Bid Price
91.862
Bid Yield to Maturity
5.419%
Bid Yield to Call
5.514%
Min. Investment (Nominal)
2000
Indicative Ask Price
92.344
Ask Yield to Maturity
5.300%
Ask Yield to Call
5.389%
Next Call Date
28 Feb 2031
Credit Rating (Bond)
BBB-
Investment Grade
Seniority
Senior Unsecured
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 Maturity10. Jun12. Jun14. Jun16. Jun18. Jun20. Jun22. Jun24. Jun26. Jun28. Jun30. Jun2. Jul4. Jul6. Jul8. Jul5.25.35.45.55.65.75.8FSM Global
Bond Information
Block, Inc. operates as a financial services and digital payments company. The Company develops a payments platform aimed at small and medium businesses that allows them to accept credit card payments and use tablet computers as payment registers for a point-of-sale system. Block also provides financial and marketing services.
Bond Issuer
Block, Inc.
Guarantor
-
Announcement Date
17 May 2021
Issue Date
19 May 2021
Maturity Date / Next Call Date
31 May 2031 / 28 Feb 2031
Years to Maturity / Next Call
4.887 / 4.635
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
3.500
Coupon Type
Fixed
Annual Coupon Rate (%)
3.5
Annual Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
No
Reference Rate
-
ISIN
US852234AP86
CUSIP
852234AP8
Bond Currency
USD
Total Issue Size
USD 1,000,000,000
Minimum Investment Quantity (Nominal)
USD 2,000
Incremental Quantity (Nominal)
USD 1,000
Bond Registration
Wholesale
Bond Type
High Yield Corporate
Bond Sector
Financials
Bond Sub Sector
Consumer Finance
Issuer Credit Rating (S&P/ Fitch)
***/BBB-
Bond Credit Rating (S&P/ Fitch)
***/BBB-
Shariah Compliant
No
W-8BEN Declaration needed 
Yes
Bond Feature(s)
Offer to Repurchase Upon Change of Control Triggering Event.

Not later than 60 days following Change of Control Triggering Event, unless the Company has exercised its right to redeem all of the Notes pursuant to Section 3.07, the Company will make an Offer to Purchase all of the outstanding Notes at a Purchase Price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to, but excluding, the purchase date.

“Change of Control Triggering Event” means the occurrence of (1) a Change of Control that is accompanied or followed by a downgrade of the Notes within the Ratings Decline Period for such Change of Control by two or more of the Rating Agencies (or, in the event Fitch, Moody’s and/or S&P shall cease rating the Notes (for reasons outside the control of the Company) and the Company shall select any other nationally recognized Rating Agency, the equivalent of such ratings by such other nationally recognized Rating Agency) and (2) the rating of the Notes on any day during such Ratings Decline Period is below the lower of the rating by such nationally recognized Rating Agency in effect (a) immediately preceding the first public announcement of the Change of Control (or occurrence thereof if such Change of Control occurs prior to public announcement) and (b) on the Issue Date.
The Notes may be redeemed, in whole or in part, at any time prior to the Par Call Date, at the option of the Company upon not less than 30 nor more than 60 days’ prior notice sent to each Holder in accordance with Section 3.03, at a Redemption Price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest, if any, to, but excluding, the redemption date (subject to the right of Holders of record on the relevant Record Date to receive interest due on an Interest Payment Date that is on or prior to the redemption date).

“Applicable Premium” means, with respect to any Note on any applicable redemption date, as calculated by the Company or on behalf of the Company by such Person as the Company shall designate (and the Trustee shall have no duty to calculate or verify the calculations of the same),the greater of:

(1) 1.0% of the principal amount of such Note; and

(2) the excess, if any, of:

(a) the present value at such redemption date of all scheduled payments of interest and principal on such Note (excluding accrued but unpaid interest, if any, to, but excluding, the redemption date), computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points over

(b) the principal amount of such Note.
On or after the Par Call Date, the Notes may be redeemed, in whole or in part, at the option of the Company upon not less than 30 nor more than 60 days’ prior notice sent to each Holder in accordance with Section 3.03, at a Redemption Price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest, if any, to, but excluding, the redemption date (subject to the right of Holders of record on the relevant Record Date to receive interest due on an Interest Payment Date that is on or prior to the redemption date).

Par Call Date: March 1, 2031 (three months prior to the maturity date of the Notes).
In December 2021, Square, Inc. changed its name to Block, Inc.
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)
09 Jul 202691.86292.3445.3895.300
08 Jul 202691.79492.2345.4175.326
07 Jul 202691.75692.2605.4075.317
06 Jul 202691.97892.3515.3825.294
05 Jul 202691.93392.4585.3535.266
02 Jul 202691.90192.2345.4105.320
01 Jul 202691.79292.2405.4085.318
30 Jun 202691.92992.4095.3615.274
29 Jun 202691.99192.3585.3735.285
28 Jun 202691.86992.2375.4035.314
Total of 65 entries
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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
Block, Inc. 3.50% Senior Notes due 2031. Offering Memorandum, Dated May 18, 2021
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
XYZ 6.500% 15May2032 Corp (USD)

Block, Inc.

 14 May 2027
(Next Call Date)		 102.485 5.537% p.a. ***/BBB-
TRANSACT
Total of 1 entries
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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
0.35% / Min. SGD 10*
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 SGD 10 (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
EDIT
Est. Payable Amount
USD 1,865.43
Years to Call
4 years 7+ months
Est. Total Income
USD 332.50
Yield to Call
5.070%
Indicative Cash Flow
Nominal Value
USD 2,000.00
  • 2031
    Feb
    Coupon
    USD 17.50
    Early Redemption
    USD 2,000.00
  • 2030
    Nov
    Coupon
    USD 35.00
  • May
    Coupon
    USD 35.00
  • 2029
    Nov
    Coupon
    USD 35.00
  • May
    Coupon
    USD 35.00
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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