Hormel Foods Corporation 4.8% 30-MAR-2027Hormel Foods Corporation 4.8% 30-MAR-2027Hormel Foods Corporation 4.8% 30-MAR-2027

Hormel Foods Corporation 4.8% 30-MAR-2027

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Key terms


Outstanding amount
‪500.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
4.80% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
4.59%
Maturity date
Mar 30, 2027
Term to maturity
2 years

About Hormel Foods Corporation 4.8% 30-MAR-2027


Sector
Consumer Non-Durables
Issue date
Mar 8, 2024
FIGI
BBG01LTXNGC4
Hormel Foods Corp. engages in the manufacturing and marketing of branded food products. It operates through the following segments: Retail, Foodservice, and International. The Retail segment consists of the processing, marketing, and sale of food products sold predominantly in the retail market. The Foodservice segment includes the processing, marketing, and sale of food and nutritional products for foodservice, convenience store, and commercial customers. The International segment focuses on processing, marketing, and selling company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.
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