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ItalianoBond Manitoba 3.35% ( CA563469TW53 ) in CAD
| Issuer | Manitoba | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market price |  86.05 % ▲ |
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| Country |  Canada
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| ISIN code |
 CA563469TW53 ( in CAD )
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| Interest rate | 3.35% per year ( payment 2 times a year) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Maturity | 03/04/2043 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimal amount | / | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total amount | / | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cusip | 563469TW5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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. Investors are currently observing the trading dynamics of a specific long-term fixed-income security issued by the Province of Manitoba, a sub-sovereign entity within Canada. Recognized by its International Securities Identification Number (ISIN) CA563469TW53 and CUSIP 563469TW5, this bond originates from Canada, a G7 nation known for its stable economic and political environment, which underpins the creditworthiness of its provincial issuers. The bond features a nominal interest rate, or coupon, of 3.35%, with interest payments disbursed semi-annually (frequency of 2), and is denominated in Canadian Dollars (CAD). This security is characterized by a lengthy maturity period, scheduled for March 4, 2043, positioning it as a long-duration asset in an investor's portfolio. A notable aspect of its current market standing is its trading price of 85.18% of par value. This discount to par suggests that the bond's yield-to-maturity for a prospective buyer would be higher than its stated coupon rate, potentially reflecting movements in benchmark interest rates, market demand for long-dated provincial debt, or the broader interest rate environment since its issuance. This offering represents a fixed-income opportunity for those seeking exposure to a government-backed credit within the Canadian fixed-income market with a significant remaining term. |
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