Bond Factsheet
Marketplace
CNXC 6.600% 02Aug2028 Corp (USD)
Concentrix Corporation
Full Lot
Bid Price 100.326
Change in Bid Price
-
Bid Yield (%) 6.391 %
Change in Bid Yield
-
Bid Volume 200,000
Ask Price 100.926
Change in Ask Price
-
Ask Yield (%) 6.024 %
Change in Ask Yield
-
Ask Volume 200,000
Price as of 03 Oct 2026, 1:22am
Odd Lot
Bid Price 100.326
Change in Bid Price 0.503
Bid Yield (%) 6.391 %
Change in Bid Yield 0.294
Bid Volume 100,000
Ask Price 100.926
Change in Ask Price 0.097
Ask Yield (%) 6.024 %
Change in Ask Yield 0.073
Ask Volume 100,000
Price as of 03 Oct 2026, 1:22am
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Concentrix Corporation
Guarantor
-
Announcement Date
19 Jul 2023
Issue Date
02 Aug 2023
Maturity Date
02 Aug 2028
Years to Maturity / Next Call
1.829 / 1.744
Modified Duration
1.678 @ 02 Oct 2026
Issue / Reoffer Price
99.979
Issue / Reoffer Yield
6.605
Coupon Type
Fixed
Annual Coupon Rate
6.600
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
US20602DAB73
CUSIP
20602DAB7
Bond Currency
USD
Total Issue Size
800,000,000
Min. Investment Quantity (Nominal)
USD 2,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
Corporate
Bond Sector
Information Technology
Bond Sub Sector
Software
Issuer Credit Rating (S&P/ Fitch)
***/ BBB
Bond Credit Rating (S&P/ Fitch)
***/ BBB
Shariah Compliant
No
Exchange Listed
Others
Issuer Call
Par Call: 2028 Notes: Callable on or after July 2, 2028 at 100%
Make Whole Call
• (a) the sum of the present values of the remaining scheduled payments of principal and interest on the notes of such series to be redeemed from the redemption date to the applicable Par Call Date, in each case discounted to the redemption date (assuming the notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the applicable Treasury Rate (as defined below) plus 40 basis points for the 2026 notes, 40 basis points for the 2028 notes and 50 basis points for the 2033 notes, in each case less (b) interest accrued to the redemption date; and
• 100% of the principal amount of the notes of such series to be redeemed, plus, in either case, accrued and unpaid interest, if any, thereon to, but not including, the redemption date
Par Call: 2028 Notes: Callable on or after July 2, 2028 at 100%
Change Control Put
If a Change of Control Triggering Event (as defined below under “—Certain Definitions”) occurs with respect to the debt securities of a series, unless we have exercised our right to redeem the debt securities of such series, we will be required to make an offer to each holder of the debt securities of that series to purchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of that holder’s debt securities at a purchase price in cash equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, up to, but not including, the date of purchase of such debt securities (subject to the right of holders of record on the relevant record date to receive interest, if any, due on the relevant interest payment date); provided that after giving effect to such purchase, any debt securities of such series that remain outstanding shall have a denomination of $2,000 and integral multiples of $1,000 in excess of that amount.
“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Ratings Event.
“Change of Control” means the occurrence of any one of the following:
(a) the direct or indirect sale, lease, 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 assets and the assets of our subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than to us or one of our subsidiaries;
(b) the consummation of any transaction (including without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than us or our subsidiaries, becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of our outstanding Voting Stock, measured by voting power rather than number of shares; or
(c) the adoption of a plan relating to our liquidation or dissolution.
Additional Note
In the event that (i) the closing of the Acquisition has not occurred on or prior to December 29, 2024 (or such later date to which the Share Purchase and Contribution Agreement may be extended in accordance with its terms, any such extension to be set forth in an officer’s certificate delivered to the trustee prior to the close of business on December 29, 2024 or such other extended termination date as shall be then applicable), (ii) we notify the trustee in writing that we will not pursue the consummation of the Acquisition or (iii) the Share Purchase and Contribution Agreement has been terminated without the consummation of the Acquisition, we will be required to redeem the Notes in whole at a special mandatory redemption price equal to 101% of the aggregate principal amount of the Notes, plus accrued and unpaid interest on the principal amount of the Notes from and including the date of initial issuance of such series of Notes, or the most recent date to which interest has been paid on such series of Notes, whichever is later, to, but not including, the special mandatory redemption date
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