Bond 407 Global 3.65% ( CA35085ZBQ87 ) in CAD

Issuer 407 Global
Market price refresh price now   100 %  ⇌ 
Country  Canada
ISIN code  CA35085ZBQ87 ( in CAD )
Interest rate 3.65% per year ( payment 1 time a year)
Maturity 07/09/2044



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Minimal amount 1 000 CAD
Total amount 500 000 000 CAD
Cusip 35085ZBQ8
Next Coupon 08/09/2025 ( In 8 days )
Detailed description 407 International is a toll highway in Ontario, Canada, connecting Highway 401 to Highway 400.

**Overview of 407 International's CA35085ZBQ87 Bond Issuance** Investors are currently evaluating a notable bond issuance from 407 International Inc., identified by its ISIN code CA35085ZBQ87 and CUSIP code 35085ZBQ8. 407 International Inc. is a private company that holds the concession to design, build, finance, and operate Highway 407 ETR (Express Toll Route), a major electronic toll highway located in Southern Ontario, Canada. As a critical infrastructure operator, the company's financial stability and ability to service debt are intrinsically linked to the consistent traffic volumes and toll revenues generated from this essential transportation artery. The issuance originates from Canada, reinforcing its Canadian sovereign risk profile for investors. This specific bond carries a fixed annual interest rate of 3.65% and is denominated in Canadian Dollars (CAD). The total size of this bond offering is substantial, amounting to CAD 500,000,000, making it a significant component of the company's funding strategy. With a maturity date set for September 7, 2044, this instrument offers a long-term investment horizon, appealing to investors seeking extended duration exposure. Currently, the bond is trading at 100% of its face value on the market, suggesting that its coupon yield is in line with prevailing market rates for comparable debt instruments. The minimum purchase size for this bond is CAD 1,000, which aims to accommodate both institutional and retail investors looking to gain exposure to Canadian infrastructure debt.