CIT Group Inc, founded in 1908 and headquartered in Livingston, New Jersey, is a financial services company specializing in providing essential lending and leasing services to a diverse range of sectors. The company offers a wide array of products, including equipment financing, commercial loans, and factoring solutions, catering primarily to middle-market businesses.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CIT 4.13% 2029-11-13 USDCIT Group Inc | United States | 2029-11-13 | 4.125 | 33.14 |
| CIT 6.00% 2036-04-01 USDCIT Group Inc | United States | 2036-04-01 | 6.000 | 5.50 |
| CIT 6.13% 2028-03-09 USDCIT Group Inc | United States | 2028-03-09 | 6.125 | 4.35 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
CIT Group has a notable history in the bond market, first issuing bonds in 1996 to diversify its funding sources. Significant issuances include their 2020 senior note offerings, which successfully raised $1 billion to bolster liquidity during the pandemic. Currently, their bonds are yielding around 4.25%, competitive compared to industry averages, and most offerings feature investment-grade ratings. The company continues to serve investors with high-quality debt instruments, reflecting its ongoing commitment to stable financial operations.