Bond Air Canadien 9% ( CA008911BG38 ) in CAD

Issuer Air Canadien
Market price 100 %  ⇌ 
Country  Canada
ISIN code  CA008911BG38 ( in CAD )
Interest rate 9% per year ( payment 1 time a year)
Maturity 22/06/2024 - Bond has expired



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Minimal amount 1 000 CAD
Total amount 840 000 000 CAD
Cusip 008911BG3
Detailed description Air Canada is Canada's largest airline, offering domestic and international flights to over 200 destinations worldwide.

A financial instrument identified as a bond, with ISIN CA008911BG38 and CUSIP 008911BG3, recently concluded its lifecycle. This particular debt security was issued by Air Canada, the largest airline in Canada and its national flag carrier, a prominent player in the global aviation sector known for its extensive network and significant operational footprint. The bond, denominated in Canadian Dollars (CAD) and issued from Canada, featured a notable annual interest rate of 9% with an annual payment frequency. It represented a total issuance size of CAD 840,000,000, a substantial sum aimed at financing the issuer's operations and strategic objectives. The minimum purchase size for this bond was set at CAD 1,000. The instrument had a defined maturity date of June 22, 2024. On this precise date, the bond reached its full maturity and was subsequently redeemed by Air Canada, with its principal value repaid at 100% to bondholders, thereby completing its financial obligation and lifecycle as a fixed-income asset.