Philip Morris International Inc., founded in 1987 and headquartered in New York City, is a leading global tobacco company committed to delivering a smoke-free future. The company offers a range of reduced-risk products, including heated tobacco and e-vapor products, alongside traditional cigarettes, catering to evolving consumer preferences in the tobacco market.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Philip Morris International first entered the bond market in the early 2000s, seeking to finance its operational expansions and acquisitions. Noteworthy issuances include a $1 billion bond in 2020, which garnered significant attention due to its attractive yield of 3.25%, positioning it favorably within the industry. The company has also issued green bonds, underscoring its commitment to sustainability as it pivots towards reduced-risk alternatives. Amid recent changes in consumer behavior and regulatory scrutiny, these bonds are seen as vital tools for financing its transformation strategy.