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Twisted Titan
28th November 2010, 05:27 AM
http://finance.yahoo.com/news/Caterpillar-issues-first-note-apf-3193389494.html?x=0


A finance subsidiary of heavy machinery maker Caterpillar Inc. will issue its first-ever medium-term note that is denominated in the Chinese currency, the yuan.

Caterpillar Financial Services Corp. said Wednesday that the issuance was conducted in Hong Kong for institutional investors and totaled 1 billion yuan, or about $150 million. The issuance is at a coupon rate of 2 percent, maturing in December 2012.

Cat Financial said its transaction is one of the first yuan-denominated issuances of this size by a multinational company. The company will use proceeds from the deal to fund Cat Financial as it provides competitive financing options for Caterpillar customers in China through its subsidiary, Caterpillar (China) Financial Leasing Co.
Twisted Titan
28th November 2010, 05:28 AM
Amercian Pride at its Finest.
Errosion Of Accord
28th November 2010, 05:45 AM
They also just bought Bucyrus International, which includes Terex. That puts Cat in direct competition with P&H. As an operator I can only say that the merger couldn't have come soon enough because BI products suck. Shovels run about $20 - 30 million...
http://i74.photobucket.com/albums/i260/mitchtim/Shovels/PH4100XPC_2.jpg
BillBoard
28th November 2010, 05:59 AM
Amercian Pride at its Finest.


TT,

Corporations have no loyalty to a country or jurisdiction, they have ONLY one purpose, that is, to turn a profit.
StackerKen
28th November 2010, 07:40 AM
Amercian Pride at its Finest.


TT,

Corporations have no loyalty to a country or jurisdiction, they have ONLY one purpose, that is, to turn a profit.




And CAT has always done very well in the profits dept.


Caterpillar reported an almost doubling of profits to US$792 million for the third quarter of 2010 on revenues that were up 53% to $11,1 billion.
BrewTech
28th November 2010, 08:47 AM
Amercian Pride at its Finest.


TT,

Corporations have no loyalty to a country or jurisdiction, they have ONLY one purpose, that is, to turn a profit.




And CAT has always done very well in the profits dept.


Caterpillar reported an almost doubling of profits to US$792 million for the third quarter of 2010 on revenues that were up 53% to $11,1 billion.


Business is good for Cat... especially in the Occupied territories...

http://en.wikivisual.com/images/4/45/D9R-idf.jpg