The Timken Company, founded in 1899 and based in North Canton, Ohio, specializes in manufacturing engineered bearings and alloy steel. Timken serves a wide range of industries, providing high-performance solutions that enhance the efficiency and reliability of machinery and equipment.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TKR 3.88% - USDTimken Co. | United States | — | 3.875 | 11.98 |
| TKR 4.13% 2032-04-01 USDTimken Co. | United States | 2032-04-01 | 4.125 | 4.61 |
| TKR 4.13% 2034-05-23 EURTimken Co. | United States | 2034-05-23 | 4.125 | 3.94 |
| TKR 4.50% 2028-12-15 USDTimken Co. | United States | 2028-12-15 | 4.500 | 4.10 |
| TKR 6.88% 2028-05-08 USDTimken Co. | United States | 2028-05-08 | 6.875 | 4.15 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Timken first issued bonds in 1997, establishing a track record of accessing the capital markets to fund growth and operational improvements. A notable issuance occurred in 2021, when the company raised $500 million through a 10-year bond offering, which garnered significant interest due to its attractive yield in a low-rate environment compared to industry peers. As of October 2023, Timken's bonds are yielding approximately 3.75%, demonstrating strong demand and confidence in the issuer's financial stability and growth prospects.