Ingles Markets, Inc., founded in 1963 and headquartered in Black Mountain, North Carolina, operates a chain of supermarkets primarily in the southeastern United States. The company focuses on providing a wide array of grocery items, fresh produce, and pharmacy services, catering to local communities with a commitment to quality and customer service.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| IMKTA 4.00% 2031-06-15 USDIngles Markets, Inc. | United States | 2031-06-15 | 4.000 | 5.38 |
| IMKTA 4.00% 2031-06-15 USDIngles Markets, Inc. | United States | 2031-06-15 | 4.000 | 5.41 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Ingles began issuing bonds in 1998, aiming to support its expansion and operational needs. Notably, in 2021, the company issued $150 million in senior unsecured notes, offering a yield of 4.5%, which was competitive within the grocery retail sector. This issuance allowed for increased capital flexibility and enhanced liquidity, demonstrating Ingles' strategic focus on sustainable growth amidst a dynamic retail landscape. The company has consistently maintained a strong credit profile, contributing to investor confidence in its bond offerings.