Hint mode is switched on Switch off
For swift navigation between sections

International bonds: Canada, FRN 8may2020, USD
XS1065374024

Download
Copy issue information to clipboard
Copy issue information to clipboard
✓
Copy

Floating rate

Issue
Issuer
  • M
    -
    ****
  • S&P
    -
    ****
  • F
    -
    ****
*in foreign currency
Status
Matured
Amount
125,000,000 USD
Placement
***
Early redemption
*** (-)
Country of risk
Canada
Current coupon
***%
Price
***%
Yield / Duration
-
Calculator What is a calculator?
Corporate Actions Issuer news
Calculator
What is a calculator?
Register
to order full access
DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS
  • High performance interface for global bond market screening
  • Full information on close to 400,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 60 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Trading chart

Stock exchange selection
Stock exchange selection
More about Cbonds Estimation
Bond is not traded; the issue is redeemed
Data display in a chart | table
Data display in a chart | table
Work with the chart: switching the price, period, issue comparison
Work with the chart: switching the price, period, issue comparison
Download the chart in a convenient format
from
to
ADD-IN
Cbonds add-in API
bond data api
More than 2,500 records have been found, please specify your request
* Data is not available within the selected subscription
Latest data on

Issue information

Profile
The Canadian corporate bond market is closely linked with the U.S. market and has adopted most of the U.S. market_s structures, practices, and institutional arrangements. The Canadian bond market became increasingly integrated with the U.S. market ...
The Canadian corporate bond market is closely linked with the U.S. market and has adopted most of the U.S. market_s structures, practices, and institutional arrangements. The Canadian bond market became increasingly integrated with the U.S. market in the 1990s.
The Canadian bond market has two distinctive features that influence whether a Canadian firm issues bonds in the U.S. or Canada. First, the Canadian HQ bond market is mature, but the domestic LQ market is still in infancy and only accounts for about three percent of the annual corporate debt issuance in Canada. The Canadian LQ firms receive financing primarily through bank loans, private placements, and income trusts, and therefore, are likely to be more credit constrained than HQ firms. Freedman and Engert (2003) find that high-yield Canadian borrowers meet almost all of their financing requirements in the deep and liquid U.S. high-yield bond market.
Second, the Canadian bond market is also shallower than the U.S. market as the demand-side factors limit the size of a bond issue that can be successfully placed in Canada. The Canadian bond market is also less liquid than the U.S. market. Because most Canadian investors follow a buy-and-hold investmentstrategy, the secondary market trading of corporate bonds is thin for all corporate bonds. Thus, to issue large size bonds that cannot be easily absorbed in the domestic market, Canadian firms have to go to the U.S., regardless of their credit quality.
Show more Hide
  • Borrower
    Go to the issuer page
    Canada
  • Full issuer name
    Canada
  • Sector
    sovereign
Volume
  • Amount
    125,000,000 USD
Nominal
  • Minimum Settlement Amount
    5,000 USD
  • Outstanding face value
    *** USD
  • Par amount, integral multiple
    *** USD
  • Nominal
    5,000 USD

Cash flow parameters

  • Reference rate
    3M LIBOR USD
  • Coupon Rate
    ***
  • Day count fraction
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Delay days
    *** days
  • Maturity date
    ***
  • Early redemption date
    ***

Cash flow

Calculations for international bonds are made according to the minimum trading lot

Early redemption terms

***

Register
to order full access
DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS
  • High performance interface for global bond market screening
  • Full information on close to 400,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 60 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Order book
    *** (***) - *** (***)
  • Coupon (Yield) Guidance
    ***% - ***% (*** - ***%)
  • Issuer rating on issue date (M/S&P/F)
    *** / *** / ***
  • Placement
    *** - ***
  • Initial issue price (yield)
    (***%)
  • Bids
    *** USD
  • Number of bids
    ***
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • Listing
    ***
Participants
  • Bookrunner
    ***
  • Depository
    ***, ***

Conversion and exchange

  • Convertion date
    ***
  • Initial premium
    ***%
  • Convertible until
    ***
  • Lock-up
    *** days
  • Conversion terms
    ***

Additional information

***

Latest issues

Show all

News

20/11/2020 Moody's Investors Service affirms Canada at "Aaa" (LT- foreign currency credit rating); outlook stable
20/11/2020 Moody's Investors Service affirms Canada at "Aaa" (LT- local currency credit rating); outlook stable
25/06/2020 Fitch Ratings downgrades LT Int. Scale (foreign curr.) credit rating of Canada to "AA+"; outlook stable
25/06/2020 Fitch Ratings downgrades LT Int. Scale (local curr.) credit rating of Canada to "AA+"; outlook stable
15/01/2020 New bond issue: Canada issued international bonds (US135087K787) with a 1.625% coupon for USD 3,000.0m maturing in 2025
18/07/2019 Fitch Ratings affirms Canada at "AAA" (LT Int. Scale (foreign curr.) credit rating); outlook stable
18/07/2019 Fitch Ratings affirms Canada at "AAA" (LT Int. Scale (local curr.) credit rating); outlook stable
18/01/2019 New bond issue: Canada issued international bonds (US135087J706) with a 2.625% coupon for USD 3,000.0m maturing in 2022
05/11/2018 Moody's Investors Service affirms Canada at "Aaa" (LT- local currency credit rating); outlook stable
05/11/2018 Moody's Investors Service affirms Canada at "Aaa" (LT- foreign currency credit rating); outlook stable
All organization news

Identifiers

  • Registration
    ***
  • Date of program registration
    ***
  • ISIN RegS
    XS1065374024
  • CUSIP RegS
    ***
  • CUSIP 144A
    ***
  • Common Code RegS
    106537402
  • FIGI RegS
    BBG006FT5019
  • WKN RegS
    A2RYHX
  • Ticker
    CANADA F 05/08/20 EMTN
  • Type of security by CBR
    ***

Ratings



Bond classification

  • Coupon bonds
  • Floating rate
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Indexed
  • Supranational bond issues
  • Mortgage bonds
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Subordinated
  • Sukuk
  • Trace-eligible
Show more Hide

Restructuring

***

***

Copyright (c) 2004-2021 CbondS