Our debt programs

Our debt programs

Learn how we leverage the strength of our balance sheet

Investor Presentation
Date: March 31, 2021
Size: 11.4 MB
2021 Annual Report
Date: March 31, 2021
Size: 12.6 MB
2021 Responsible Investment Report
Date: March 31, 2021
Size: 1.7 MB

Term debt programs

We are a frequent term issuer, launching benchmark size notes.

Our strategy is to ensure diversification of maturities to mitigate refinancing risk.

 

PSP term debt issuance program

  • $20Bln CAD Global MTN funding program – 144A/RegS format
  • Increasingly global presence as a frequent, high-quality issuer
  • Focus on liquid benchmark securities in domestic and international markets
  • One of the most frequent issuers wholly owned by the Government of Canada
  • PSP Capital’s Term Notes are part of the FTSE Canada Federal Index, the Bloomberg Barclays Global Aggregate Index and the JP Morgan Global Aggregate Bond Index

Recent term debt transactions

1.625% October 2028

Notional purchased by region : US$1.00B
  • 61%
    EMEA
  • 33%
    Americas
  • 6%
    Asia

0.50% September 2024

Notional purchased by region : US$1.25B
  • 43%
    Americas
  • 35%
    EMEA
  • 22%
    Asia

Outstanding term debt transactions

Currency Ticker Notional (M) Coupon Maturity Series ISIN Transaction recap
USD PSPCAP Govt 1,000 1.625 October 26, 2028 G-3 US69376P2B06 Download the report
USD PSPCAP Govt 1,250 0.50 September 15, 2024 G-2 US69376P2A23 Download the report
USD PSPCAP Govt 1,000 1.00 June 29, 2026 G-1 US69375V2A07 Download the report
CAD PSPCAP Govt 1,000 1.50 March 15, 2028 14 CA69363TAQ54 Download the report
CAD PSPCAP Govt 1,500 0.90 June 15, 2026 13 CA69363TAP71 Download the report
CAD PSPCAP Govt 1,250 2.05 January 15, 2030 12 CA69363TAN24 Download the report
CAD PSPCAP Govt 1,750 1.73 June 21, 2022 10 CA69363TAL67 Download the report
CAD PSPCAP Govt 1,500 2.09 November 22, 2023 9 CA69363TAK84 Download the report
CAD PSPCAP Govt 1,500 3.29 April 4, 2024 7 CA69363TAH55 Download the report
CAD PSPCAP Govt 1,250 3.00 November 5, 2025 11 CA69363TAM41 Download the report

Short-term debt programs

We operate our short-term programs under a global limit of C$12B. We seek to promote wide distribution and liquidity by issuing on a regular basis and working with investors to meet their needs.

Canadian Promissory Notes

  • Issued under a private offering memorandum
  • For sale only to Canadian domiciled investors
  • Available in US and Canadian dollars
  • Up to 365 days maturity

US Commercial Paper Program

  • Issued under a private offering memorandum
  • For sale only to US-domiciled qualified investors
  • Available in US dollars
  • Up to 397 days maturity

Meet our team leader