Bond Passage Casinos & Entertainment Ltd 8.25% ( USC36062AC89 ) in USD

Issuer	Passage Casinos & Entertainment Ltd
Market price	100 % ▼
Country	Canada
ISIN code	USC36062AC89 ( in USD )
Interest rate	8.25% per year ( payment 2 times a year)
Maturity	29/02/2024 - Bond has expired
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Minimal amount	2 000 USD
Total amount	255 000 000 USD
Cusip	C36062AC8
Standard & Poor's ( S&P ) rating	CCC- ( Default imminent with little prospect for recovery )
Moody's rating	N/A
Detailed description	Gateway Casinos & Entertainment Ltd. is a Canadian gaming and entertainment company operating casinos, slot lounges, and gaming facilities across British Columbia, Ontario, and Alberta, offering various gaming options, food and beverage services, and entertainment events. This financial report details the characteristics of a specific bond issued by Gateway Casinos & Entertainment Ltd, a prominent Canadian operator within the gaming and entertainment sector, which manages an extensive portfolio of casino and hospitality venues across Canada. Identified by the ISIN code USC36062AC89 and CUSIP C36062AC8, this obligation was denominated in US Dollars and featured a fixed annual interest rate of 8.25%, with coupon payments disbursed semi-annually. The total volume of this particular bond issuance amounted to $255,000,000, with a stipulated minimum purchase increment of $2,000. Notably, the bond reached its maturity date on February 29, 2024, and has since been fully redeemed by the issuer, having traded at 100% of its par value on the market prior to its redemption. Before its maturity, the bond was assigned a CCC- credit rating by Standard & Poor's (S&P), a speculative grade indicating a high level of credit risk.