Vector Group Ltd, founded in 1993 and headquartered in Miami, Florida, operates as a holding company primarily engaged in the marketing and sale of tobacco products and real estate services. The company is best known for its flagship tobacco brand, Liggett, as well as its portfolio of real estate operations through New Valley LLC.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| VGR 10.50% 2026-11-01 USDVector Group Ltd | United States | 2026-11-01 | 10.500 | 25.29 |
| VGR 10.50% 2026-11-01 USDVector Group Ltd | United States | 2026-11-01 | 10.500 | 25.73 |
| VGR 5.75% 2029-02-01 USDVector Group Ltd | United States | 2029-02-01 | 5.750 | 7.21 |
| VGR 5.75% 2029-02-01 USDVector Group Ltd | United States | 2029-02-01 | 5.750 | 6.93 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Vector Group has a notable history in the bond market, having issued its first bonds in 1999 to support its operational growth. In recent years, the company completed significant issuances, including a $250 million bond in 2021, which featured a unique convertible option allowing bondholders to exchange bonds for stock at specific thresholds. Current yields on their bonds are competitive, reflecting steady demand, despite facing industry challenges, while the company has recently announced plans for additional bond offerings to fund ongoing diversification efforts.