Emerson Electric Co., founded in 1890 and headquartered in St. Louis, Missouri, is a global technology and engineering company focused on automation and commercial and residential solutions. The company offers a wide range of products and services, including process automation, industrial machinery, and heating, ventilation, and air conditioning systems.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Emerson has a notable history of bond issuances, first entering the debt market in the early 1990s. A significant issuance occurred in 2021, when the company raised $1.5 billion through a combination of 5, 10, and 30-year bonds, taking advantage of favorable interest rates. Currently, their bonds yield around 2.5%, which is competitive within the industrial sector. Notably, Emerson's bonds often come with features such as call options, allowing the company to refinance if interest rates decline, reflecting its proactive approach to capital management.