Learn how we leverage the strength of our balance sheet
Investor Presentation
Date:
Sept. 30, 2021
Size:
8.1 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
Renaud de Jaham
Managing Director and Treasurer
Email us at debtissuers@investpsp.ca to subscribe and receive our latest updates.