Bond Columbia Britannica 9.5% ( CA110709BK73 ) in CAD

Issuer	Columbia Britannica
Market price	100 % ▼
Country	Canada
ISIN code	CA110709BK73 ( in CAD )
Interest rate	9.5% per year ( payment 2 times a year)
Maturity	08/06/2022 - Bond has expired
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Minimal amount	1 000 CAD
Total amount	450 000 000 CAD
Cusip	110709BK7
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	N/A
Detailed description	British Columbia is a Canadian province located on the western coast of the country, known for its diverse geography, including mountains, forests, and coastline, as well as its thriving economy based on natural resources and tourism. A specific fixed-income instrument, identified by ISIN CA110709BK73 and CUSIP 110709BK7, which was issued by British Columbia, has successfully reached its maturity and been fully repaid. British Columbia, a significant sub-sovereign entity and one of Canada's most populous and economically diverse provinces, consistently issues debt to fund its public services and infrastructure projects; as a provincial government, it benefits from Canada's stable political and economic environment, typically commanding strong credit ratings in global financial markets. This particular bond, denominated in Canadian Dollars (CAD), carried a notable annual interest rate (coupon) of 9.5%, a figure reflecting market conditions at the time of its issuance, with interest payments structured on a semi-annual basis. The total principal amount of this specific bond issue was CAD 450,000,000, with a minimum investment threshold set at CAD 1,000 per purchase. The bond's maturity date was June 8, 2022, and upon maturity, it was repaid at 100% of its face value, signifying its successful redemption at par.