Canada Pension Plan Investment Board lists US$2bn note on the ISE
CPPIB Capital Inc., the capital markets financing subsidiary of Canada Pension Plan Investment Board, has listed a US$2bn fixed rate note on the Global Exchange Market (GEM) of the Irish Stock Exchange (ISE). The notes, due in 2019, have been issued under its recently approved CAD 25bn Debt Issuance Programme and have an interest rate of 1.25%.
Canada Pension Plan Investment Board is a professional investment management organisation that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 19 million contributors and beneficiaries. At 30 June 2016, the CPP fund totalled $287.3 billion.
Canada Pension Plan Investment Board joins a number of other high-profile Canadian issuers to recently list on the ISE’s bond markets including Royal Bank of Canada, La Caisse centrale Desjardins du Québec, Couche-Tard, Entertainment One, Cott Corporation and Valeant Pharmaceuticals.
- Details of the CPPIB Capital Inc. Debt Issuance Programme
- North America Issuers Listing Debt on the Irish Stock Exchange Brochure