Bond Manitoba 2% ( CA56345ZCH97 ) in CAD
| Issuer | Manitoba | ||||||||
| Market price | |||||||||
| Country | Canada
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| ISIN code |
CA56345ZCH97 ( in CAD )
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| Interest rate | 2% per year ( payment 1 time a year) | ||||||||
| Maturity | 03/05/2033 | ||||||||
| Minimal amount | 1 000 CAD | ||||||||
| Total amount | / | ||||||||
| Cusip | 56345ZCH9 | ||||||||
| 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. An analysis of the fixed-income market highlights a specific bond offering from the Province of Manitoba, Canada, identified by its ISIN CA56345ZCH97 and CUSIP 56345ZCH9. The issuer, Manitoba, is one of Canada's ten provinces, functioning as a sub-sovereign entity with a stable and diversified economy rooted in sectors such as agriculture, manufacturing, and natural resources, providing a robust fiscal foundation for its debt obligations. This particular debt instrument, denominated in Canadian Dollars (CAD), currently trades at 100% of its par value on the market, reflecting a price at face value. It features a fixed annual interest rate, or coupon, of 2%, with interest payments distributed once per year to bondholders. The bond is slated to mature on March 5, 2033, offering a defined repayment timeline for investors. Access to this offering is set at a minimum acquisition size of CAD 1,000, making it a viable consideration for portfolios seeking exposure to Canadian provincial government debt. |
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