Bond Albertia 3.47% ( XS1065087394 ) in CAD

Issuer	Albertia
Market price	100 % ⇌
Country	Canada
ISIN code	XS1065087394 ( in CAD )
Interest rate	3.47% per year ( payment 1 time a year)
Maturity	08/05/2029
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Minimal amount	500 000 CAD
Total amount	25 000 000 CAD
Next Coupon	08/05/2026 ( In 33 days )
Detailed description	Alberta is a western Canadian province known for its vast prairies, Rocky Mountains, oil sands, and diverse economy encompassing agriculture, energy, and tourism. An offering from the Province of Alberta, a prominent sub-sovereign entity within Canada, has been identified under ISIN XS1065087394. Alberta, situated in Western Canada, boasts a robust economy anchored by its significant natural resource wealth, primarily crude oil and natural gas, alongside strong agricultural and emerging technology sectors; the province's sound fiscal management and economic stability underpin its creditworthiness, making its debt instruments attractive to investors seeking exposure to a developed market sub-sovereign issuer. This particular fixed-income instrument is denominated in Canadian Dollars (CAD) and is currently trading at its par value of 100% in the market, carrying an annual interest rate, or coupon, of 3.47%, payable once per year. The bond is slated for maturity on May 8, 2029, offering investors a defined term for their investment, with the total size of this particular bond issue being CAD 25,000,000, designed to accommodate institutional and sophisticated individual investors, as indicated by the minimum investment size of CAD 500,000, thereby providing a predictable income stream and capital preservation for its holders.