Sample International Business Machines Corp-style 5-Year corporate bond

Corporate A- Public SAMPLE

Illustrative structure: 4.75% coupon · due Oct 15, 2031 · Senior unsecured · bullet · IBM. Not a real, tradable CUSIP.

Yield to maturity i

5.61%

annualized total return if held to maturity

Matures

Oct 15, 2031

Coupon i

4.75%

Current yield i

4.93%

Modified duration i

4.4 yr

Indicative price i

96.281

model not a market quote

Terms & structure

Maturity	Oct 15, 2031
Coupon i	4.75% (semiannual)
Callable	No (bullet)
Seniority	Senior unsecured
Public access i	Public SEC-registered: individuals can buy it through a normal brokerage account, with about a $2,000 minimum.
Minimum purchase	$1,000 face (×$1,000)
Amount outstanding i	$1.5B (representative)
CUSIP	Look up the real CUSIP → · shown as IBM 4.75% ’31 here
FIGI	live feed
Issuer	International Business Machines Corp IBM
Type	Corporate

Issuer website

Computed metrics model

Clean price i

96.281

Dirty price i

96.281

Accrued i

0.000

Yield to maturity i

5.61%

Yield to worst i

5.61%

Modified duration i

4.4 yr

Convexity

22.56

MODEL spread +72bp Our model's credit-spread assumption for a A- rating, not an observed market spread. Real spreads move with supply, liquidity and issuer news.

This bond is non-callable (a bullet), so yield to worst equals yield to maturity.

Credit context

A- Rating A- · outlook Stable (representative/indicative, not a live agency feed); drives the model spread

Leverage & coverage from SEC filings (FY 2025-12-31)

Total debt

$62.0B

long-term, per filings · as of 2026-06-30

Net margin

15.7%

Market metrics: latest available, via Finnhub

EV / EBITDA

22.7×

Total debt / equity

1.80

Current ratio

0.79

Recent International Business Machines Corp news

IBM Has Paid Dividends Since 1916. Here’s Why Retirees Should Pay Attention Now · Yahoo · Oct 15, 2026
New York City Wants to Be the Capital of Quantum. Join the Club. · Yahoo · Oct 15, 2026
10-15-2026: Hot CPI and PPI, Yield Reversal, AI Angst + Staples Rally · Yahoo · Oct 15, 2026
Discover which dow jones stocks are making waves on Thursday. · ChartMill · Oct 15, 2026

Headlines via Finnhub, for context only, not a credit assessment.

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Get this bond's CUSIP

A CUSIP is the bond's unique 9-character ID, made of letters and digits, like 459200 LQ2. It's how you, your broker or your bond desk pin down exactly this bond to price, buy or sell it. We show indicative analytics here; the official CUSIP lives in the issuer's SEC filing.

Look up IBM CUSIPs

1
Opens International Business Machines Corp's pricing term sheet on SEC EDGAR, official and free, in a new tab. We've confirmed this filing lists CUSIPs.
2
Find the row labelled “CUSIP” near the top. It's a 9-character code with letters in it, sometimes written with a space: 459200 LQ2 means 459200LQ2. Not a plain number. (Press Ctrl-F / ⌘-F for “CUSIP” if needed.)
3
Pick the one whose coupon & maturity match the bond you want: that's its CUSIP. Give that to your broker.

A longer code starting “US…” next to it is the ISIN (same bond, international format). Once you have a CUSIP, FINRA's bond page shows its last-traded prices. · All IBM bond filings.

Rate sensitivity i

approximate, from duration & convexity

Parallel rate move	Approx. price change	Approx. price
-200 bp	+9.2%	105.140
-100 bp	+4.49%	100.602
+100 bp	-4.26%	92.178
+200 bp	-8.3%	88.291

Cash-flow timeline

each tick a coupon · ◆ today

Market price & trading

requires a market-data feed (FINRA TRACE)

Bid / Ask

live feed

dealer quotes

Last trade

live feed

price + time of last reported trade

Recent volume

live feed

reported TRACE volume

This preview computes an indicative model price off the Treasury curve. Real-time bid/ask, last-trade price and trade time are licensed FINRA TRACE data, available when a feed is connected. To find this bond's real CUSIP and trade prices, see above.