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CUMMINS USD MULTI TRANCHE CRP A FIXED RATE SYNDICATED BROWNIE BOND (US231021AV82, US231021AW65, US231021AX49)

Post Date: 16 February 2024

Cummins has priced a USD denominated multi tranche syndicated Brownie Bond.

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Issuer Details
Issuer Cummins Inc.
LEI ZUNI8PYC725B6H8JU438
Industry Construction and Engineering
Country United States
Issuer Description Cummins is a worldwide designer, manufacturer, distributor and provides services for electric power generation systems, engines and related products, including fuel systems, controls, air handling, filtration, and emissions solutions.. Cummins Inc. is a diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related component products, including filtration, exhaust aftertreatment, fuel systems, fuel systems, controls systems, air handling systems and electric power. The Company sells its products to original equipment manufacturers (OEMs), distributors and other customers worldwide. It serves its customers through a network of more than 600 company owned and independent distributor locations and more than 6,500 dealer locations in more than 190 countries and territories. It has four segments: Engine, Power Generation, Components and Distribution.
Generic Credit Rating [Login to see full details]

 

Trade Details
Security Type Bond
Amount USD [Login to see full details]
Total Amount including taps USD [Login to see full details]
Total Amount Outstanding USD [Login to see full details]
Total Order Book USD [Login to see full details]
Structure Fixed Rate
Coupon [Login to see full details]
Reoffer [Login to see full details]
It came at a spread of [Login to see full details] in the Brownie bond market.
Term [Login to see full details]
Trade Date [Login to see full details]
Settlement Date [Login to see full details]
Maturity Date [Login to see full details]
Yield Notes [Login to see full details]

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A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.

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