Bond Columbia Britannica 4.95% ( CA110709FY32 ) in CAD

Issuer Columbia Britannica
Market price refresh price now   100 %  ⇌ 
Country  Canada
ISIN code  CA110709FY32 ( in CAD )
Interest rate 4.95% per year ( payment 1 time a year)
Maturity 18/06/2040



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Minimal amount 1 000 CAD
Total amount 2 300 000 000 CAD
Cusip 110709FY3
Next Coupon 18/06/2026 ( In 276 days )
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 notable fixed-income opportunity is presented by the British Columbia Provincial Bond, identified by ISIN CA110709FY32 and CUSIP 110709FY3. This obligation is issued by the Province of British Columbia, a highly-rated sub-sovereign entity within Canada, renowned for its stable economic environment, robust public finance management, and diverse resource-based economy, contributing significantly to Canada's overall GDP. The bond, denominated in Canadian Dollars (CAD), is currently observed trading at its par value of 100% on the open market, reflecting strong investor confidence. It carries an attractive annual coupon rate of 4.95%, offering investors a steady income stream. The total size of this issuance amounts to a substantial CAD 2.3 billion, indicating a significant commitment from the Province to its financing needs. With a minimum investment threshold set at CAD 1,000, this bond is designed to be accessible to a broad spectrum of investors, from institutional funds to individual portfolios. Its maturity date is set for June 18, 2040, providing long-term exposure to a creditworthy issuer. Coupon payments are scheduled on an annual basis. This bond represents a compelling investment for those seeking long-duration exposure to a high-quality Canadian provincial credit, offering competitive yield and the backing of a stable, well-managed provincial economy.