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ItalianoBond Manitoba 1.3% ( CA56345ZBU18 ) in CAD
| Issuer | Manitoba | ||||||||
| Market price |  100 % ⇌ |
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| Country |  Canada
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| ISIN code |
 CA56345ZBU18 ( in CAD )
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| Interest rate | 1.3% per year ( payment 1 time a year) | ||||||||
| Maturity | 03/05/2029 | ||||||||
| Minimal amount | 1 000 CAD | ||||||||
| Total amount | / | ||||||||
| Cusip | 56345ZBU1 | ||||||||
| Next Coupon | 03/05/2027 ( In 117 days ) | ||||||||
| Detailed description |
Manitoba, a central Canadian province, is known for its diverse geography encompassing prairies, boreal forests, and the vast expanse of Hudson Bay, boasting a rich history shaped by Indigenous cultures and European settlement. A detailed examination of a prominent fixed-income security reveals its key characteristics and the profile of its issuer. This particular bond, identified by the International Securities Identification Number (ISIN) CA56345ZBU18 and CUSIP code 56345ZBU1, originates from the Province of Manitoba. Manitoba, as one of Canada's ten provinces, represents a sub-sovereign entity with a well-established credit standing, reflecting its governmental capacity to issue debt instruments backed by its fiscal health and economic stability within the robust Canadian federal framework. The bond is denominated in Canadian Dollars (CAD) and currently trades at 100% of its par value on the market, indicating that it is priced at par. It features an annual interest rate, or coupon, of 1.3%. Investors interested in acquiring this security should note the minimum purchase size requirement, set at 1,000 units of the currency. The bond is scheduled to mature on March 5, 2029, at which point the principal will be repaid to bondholders. Coupon payments are structured with an annual frequency, providing regular income streams to investors throughout the bond's term until its maturity date. |
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