Macy's Retail Holdings Incorporated, headquartered in Cincinnati, Ohio, was founded in 1858 and serves as one of the largest department store retailers in the United States, offering a wide selection of apparel, home goods, and accessories. The company operates both brick-and-mortar stores and an extensive e-commerce platform, catering to diverse customer needs across various demographics.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| M 4.30% 2043-02-15 USDMacys Retail Holdings Incorporated | United States | 2043-02-15 | 4.300 | 7.16 |
| M 4.50% 2034-12-15 USDMacys Retail Holdings Incorporated | United States | 2034-12-15 | 4.500 | 5.98 |
| M 5.13% 2042-01-15 USDMacys Retail Holdings Incorporated | United States | 2042-01-15 | 5.125 | 6.98 |
| M 6.38% 2037-03-15 USDMacys Retail Holdings Incorporated | United States | 2037-03-15 | 6.375 | 7.00 |
| M 6.70% 2034-07-15 USDMacys Retail Holdings Incorporated | United States | 2034-07-15 | 6.700 | 7.20 |
| M 6.70% 2034-07-15 USDMacys Retail Holdings Incorporated | United States | 2034-07-15 | 6.700 | 7.20 |
| M 6.79% 2027-07-15 USDMacys Retail Holdings Incorporated | United States | 2027-07-15 | 6.790 | 4.75 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Macy's first began issuing corporate bonds in the early 1990s, with notable bond issuances including a $1 billion offering in 2018 to refinance debt. As of late 2023, Macy's bonds exhibit yields averaging 6.5%, higher than the retail industry average of 5.0%, reflecting investor sentiment regarding the company's market position and credit risk. The company has recently introduced callable features on some of its bonds, allowing for early redemption under favorable conditions, which aligns with their strategy to manage debt efficiently amidst fluctuating market conditions.