Masco Corporation, founded in 1929 and headquartered in Taylor, Michigan, is a leading manufacturer of home improvement and building products. The company specializes in a diverse range of products including faucets, cabinetry, and plumbing fixtures, catering to both residential and commercial markets.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MAS 1.50% 2028-02-15 USDMasco Corp. | United States | 2028-02-15 | 1.500 | 4.07 |
| MAS 2.00% 2030-10-01 USDMasco Corp. | United States | 2030-10-01 | 2.000 | 4.36 |
| MAS 2.00% 2031-02-15 USDMasco Corp. | United States | 2031-02-15 | 2.000 | 4.46 |
| MAS 3.13% 2051-02-15 USDMasco Corp. | United States | 2051-02-15 | 3.125 | 5.68 |
| MAS 3.50% 2027-11-15 USDMasco Corp. | United States | 2027-11-15 | 3.500 | 3.93 |
| MAS 4.50% 2047-05-15 USDMasco Corp. | United States | 2047-05-15 | 4.500 | 5.67 |
| MAS 6.50% 2032-08-15 USDMasco Corp. | United States | 2032-08-15 | 6.500 | 4.68 |
| MAS 7.75% 2029-08-01 USDMasco Corp. | United States | 2029-08-01 | 7.750 | 4.42 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Masco has been active in the bond market for several decades, issuing its first bonds in the late 1980s. Notably, in 2021, Masco issued $500 million in senior notes, a move that was well-received and allowed them to refinance existing debt at favorable terms. Current yields on their bonds are competitive, often aligning closely with industry averages, due in part to their strong credit rating. Recent developments include a successful $600 million issuance in 2023 aimed at funding strategic acquisitions and innovations, further solidifying their position in the market.