Toromont Industries Ltd., founded in 1961 and headquartered in Ontario, Canada, is a prominent industrial equipment distributor specializing in the sales and service of equipment for construction, mining, and power generation sectors. The company operates through two primary divisions: Toromont Cat, which represents Caterpillar Inc., and Toromont Energy, focusing on energy solutions and services.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TIHCN 3.71% 2025-09-30 CADToromont Industries Ltd. | Canada | 2025-09-30 | 3.710 | 3.53 |
| TIHCN 3.84% 2027-10-27 CADToromont Industries Ltd. | Canada | 2027-10-27 | 3.842 | 3.09 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since the late 1990s, Toromont has been active in the bond market, with notable issuances including a $150 million bond in 2019 that enabled strategic expansion and capital expenditure. Recently, their bonds have exhibited yields that are competitive within the industrial sector, reflecting strong credit ratings and robust financial performance. In early 2023, Toromont announced the issuance of a new series of bonds featuring a unique green bonding structure, aimed at funding sustainable initiatives, which was well-received by investors, indicating confidence in the company’s long-term viability.