Caterpillar Issues $1.05 Billion Corporate Bond with 3.25% Coupon Rate
Caterpillar Inc., a leading manufacturer of heavy machinery, has issued a corporate bond named US149123CF6. The bond has a coupon rate of 3.25% and matures on September 19, 2049.
The bond is listed on the Dusseldorf Stock Exchange under the ticker symbol DUS:US149123CF6. Several underwriters, including Barclays Capital Inc., Citigroup Global Markets Inc., and SG Americas Securities, LLC, have committed to purchasing a total of $1.05 billion worth of the bonds.
The issuer rating for Caterpillar Inc. has been consistently high, with Standard & Poor's assigning a rating of 700 with a stable outlook in the past. The company's credit risk assessment indicates that it is a secure investment option, providing some level of protection against inflation.