Eaton Corporation plc, founded in 1911 and headquartered in Dublin, Ireland, operates with the purpose of managing energy in a more sustainable manner. The company is a global power management leader, providing innovative solutions in electrical systems, aerospace, hydraulics, and vehicle components.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Eaton has a long history of bond issuances that began in the mid-1990s, with notable issuances including a $1.5 billion bond in 2021 to fund strategic acquisitions and refinance existing debt. As of October 2023, Eaton's bonds currently yield around 3.5%, slightly higher than the industry average, reflecting investor confidence amid rising interest rates. In addition, the company's bonds are often characterized by call features, allowing for early redemption, which adds an element of flexibility for the issuer.