Illinois Central Railroad Company, founded in 1851 and headquartered in Chicago, Illinois, serves as a critical freight transportation provider operating across several states in the Midwest and beyond. The company specializes in the transportation of agricultural products, coal, and intermodal freight services, playing a vital role in the North American supply chain.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CNRCN 7.70% 2096-09-15 USDIllinois Central Railroad Company | United States | 2096-09-15 | 7.700 | 7.17 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Illinois Central Railroad began issuing bonds in the late 19th century to finance the expansion of its rail network. In recent years, it has capitalized on favorable market conditions with significant bond issuances, including a notable $500 million offering in 2021, aimed at modernizing its infrastructure. As of October 2023, the company’s bonds yield approximately 4.5%, slightly above the industry average, with features such as callable options providing added flexibility for investors. Recent reports indicate an optimistic outlook for further bond issuances to support growth initiatives, underpinned by strong operational performance.