Fpbonds Corporate FM.Vp
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FP Bonds — Corporate 2018 1 Introduction FP Bonds – Corporate 2018, the third edition to be published by Grey House Publishing Canada, lists outstanding publicly and privately held debt securities – together with their features and provisions – issued by Canadian incorporated companies, as well as brand new introductory material related to the corporate bond market. Separate tables list convertible, exchangeable, retractable and extendible debt issues. An additional table lists outstanding asset-backed securities. Corporate debt issues outstanding as at May 8, 2018 have been included. An important part of investing in the debt market is determining the quality of a debt issue. Credit ratings are forward looking measures which assess an entity’s ability to make timely payments of interest and principal. As such, a credit rating combines both quantitative and qualitative analysis. FP Bonds – Corporate 2018 includes ratings supplied by Dominion Bond Rating Service(DBRS). The DBRS ratings, dated May 8, 2018, are presented in two tables, in addition to being shown with each issue. The first table lists issues by rating, from lowest to highest. Generally, a DBRS rating of BBB is considered to be investment grade and anything below that could be considered as non-investment grade or high-yield debt. As well, unrated securities are also considered to be high-yield if its spread to a comparable Government of Canada issue is substantially higher than the spread between investment-grade corporate bonds and Government of Canada issues. A second table lists all rated issues by company. Abbreviations A...............................................annually NZ$........................New Zealand dollars A$...............................Australian dollars nt.....................................................note B............................................bi-monthly o/s........................................outstanding bd...................................................bond P................................private placement CCAA...................Companies' Creditors Q..............................................quarterly Arrangement Act redeem. ..............................redeemable Ch¥..................Chinese yuan (offshore) reset. ......................................resettable Cn¥..................Chinese yuan (onshore) retract. ..................................retractable cl. ...................................................class S.......................................semi-annually com. .........................................common S$.................................Singapore dollar convert. ................................convertible S.F. .....................................sinking fund deb. ......................................debentures SFr.....................................Swiss francs divd(s). .................................dividend(s) ser. ...............................................series exchange. ........................exchangeable sh(s). ........................................share(s) F.R. .....................................floating rate T......................Toronto Stock Exchange HK$...........................Hong Kong dollars TL..........................................Turkish lira ln. ....................................................loan TSX.................Toronto Stock Exchange Jp¥...................................Japanese yen TSX-VEN..........TSX Venture Exchange M................................................monthly US$......................................U.S. dollars M.R. ...................................multiple rate V.......................TSX Venture Exchange max. .......................................maximum V.R. ....................................variable rate min. .........................................minimum Z.R. .............................zero coupon rate mtg(e). ....................................mortgage €....................................................Euros NKr..............................Norwegian krone £........................................British pound 4 FP Bonds — Corporate 2018 Coverage of debt issues is presented in the following format: Note: Features and details appear only when applicable. 1. 8% Bonds, due Sept. 30, 2013 2. DBRS Rating: AAA Apr 24, 2012 3. Issued: US$300,000,000 Dec. 31, 2003 Euro 4. O/S: US$300,000,000 Dec 31, 2011 5. Interest: 8.00% (S) Mar 31/Sep 30 6. Interest Details: 7. Private Placement 8. Redemption: Redeem. on and after the following dates on min. 30 days' notice as follows: Oct 1, 2013..............US$101.000 Oct 1, 2014..........................US$100.00 9. Retraction: Retract. on the following dates as follows: Sep 30, 2015...........US$100.000 On or before Aug 31, 2015 Sep 30, 2016...........US$100.000 On or before Aug 31, 2016 10. Sinking Fund: Sufficient to retire the following principal amount of debt: Sep 30, 2013......US$10,000,000 Sep 30, 2014................US$10,000,000 11. Purchase Fund: 12. Convertible: Convert. (by company) into com sh as follows: Oct 1, 2012 - Sep 30, 2013.....$10.000.......100.000 From Oct 1, 2014.........$14.000.........71.428 13. Exchange: (same as conversion) 14. Extendible: Extendible to Sep 30, 2015, exercisable from May 31, 2010 to Aug 31, 2010, at a rate of 10%. 15. Secured: 16. Guarantor: 17. Change of Control: 18. Note: 19. Lead Underwriters: 20. Trustee: 21. Paying Agent: 22. Exchange(s): 23. Symbol: 24. CUSIP: Description: 1. Security Name 2. DBRS Rating and date rating was last updated 3. a Amount issued b Date issued c Euro issuer indicator. 4. a Amount outstanding b Date outstanding 5. a Interest rate b Interest payment frequency c Interest payment cycle 6. Notes on non-fixed coupon rates or other interest details 7. Private placement indicator 8. a Redemption date b Redemption price 9. a Retraction date b Retraction price c Retraction exercise period 10. a Sinking Fund date b Sinking fund amount/percentage. 11. Purchase fund details 12. a Conversion period b Conversion price per share c Conversion basis per pref. share 13. a Exchange period b Exchange price per share c Exchange basis per pref. share 14. Extendible details 15. Secured details 16. Guarantor of issue 17. Change of control 18. Additional notes 19. Lead Underwriter(s) 20. Trustee 21. Paying Agent 22. Exchanges on which security is listed 23. Trading Symbol 24. CUSIP Number Convertible Debt Conversion Price Issuer Description Conversion Basis (per $1,000) Exchanges Symbol (per Share) ABcann Global Corp deb 6% 2021/02/21 250.000 com. sh(s). to Feb 20, 2021 $4.00 Aecon Group Inc deb 5.5% 2018/12/31 50.000 com. sh(s). to Dec 31, 2018 $20.00 T ARE.DB.B Ag Growth Intl Inc deb 5.25% 2019/12/31 15.251 com. sh(s). to Dec 30, 2019 $65.57 T AFN.DB.B Ag Growth Intl Inc deb 5% 2020/12/31 16.667 com. sh(s). to Dec 30, 2020 $60.00 T AFN.DB.C FP Bonds—Corporate2018 Ag Growth Intl Inc deb 4.85% 2022/06/30 11.983 com. sh(s). to Jun 29, 2022 $83.45 T AFN.DB.D Ag Growth Intl Inc deb 4.5% 2022/12/31 11.344 com. sh(s). to Dec 30, 2022 $88.15 T AFN.DB.E Algoma Central Corp deb 5.25% 2024/06/30 47.281 com. sh(s). to Jun 30, 2024 $21.15 T ALC.DB.A Algonquin Power & Utils deb zero 2026/03/31 94.340 com. sh(s). to Mar 30, 2026 $10.60 American Hotel Incm Pptys deb 5% 2022/06/30 108.108 unit to Jun 29, 2022 US$9.25 T HOT.DB.U Atlantic Power Corp deb 6% 2019/12/31 68.966 com. sh(s). to Dec 31, 2019 $14.50 T ATP.DB.D Atlantic Power Corp deb 6% 2025/01/31 238.095 com. sh(s). to Jan 30, 2025 $4.20 T ATP.DB.E Atrium Mortgage Invt Corp deb 6.25% 2019/03/31 75.188 com. sh(s). to Mar 30, 2019 $13.30 T AI.DB.A Atrium Mortgage Invt Corp deb 5.25% 2020/06/30 74.074 com. sh(s). to Jun 29, 2020 $13.50 T AI.DB Atrium Mortgage Invt Corp deb 5.5% 2021/09/30 68.259 com. sh(s). to Sep 29, 2021 $14.65 T AI.DB.B Atrium Mortgage Invt Corp deb 5.3% 2024/06/30 66.934 com. sh(s). to Jun 29, 2024 $14.94 T AI.DB.C Aurora Cannabis Inc deb 5% 2020/03/09 76.628 com. sh(s). to Jan 30, 2020 $13.05 Aurora Cannabis Inc deb 6% 2022/11/28 153.846 com. sh(s). to Nov 27, 2022 $6.50 Automotive Finco Corp deb 6.75% 2022/06/30 285.714 com. sh(s). to Jun 29, 2022 $3.50 V AFCC.DB Axis Auto Finance Inc deb 7.5% 2023/03/31 1052.632 com. sh(s). to Mar 30, 2023 $0.95 BTB REIT deb 6.9% 2020/03/31 162.602 tr. unit to Mar 31, 2020 $6.15 T BTB.DB.E BTB REIT deb 7.15% 2020/12/31 176.991 tr. unit to Dec 31, 2020 $5.65 T BTB.DB.F B2Gold Corp nt 3.25% 2018/10/01 254.291 com. sh(s). to Oct 01, 2018 US$3.93 Bellatrix Exploration Ltd deb 6.75% 2021/09/30 617.284 com. sh(s). to Sep 30, 2021 $1.62 T BXE.DB BlackBerry Ltd deb 3.75% 2020/11/13 100.000 com. sh(s). to Nov 09, 2020 US$10.00 T BB.DB.V Boralex Inc deb 4.5% 2020/06/30 51.020 cl.A sh(s). to Jun 30, 2020 $19.60 T BLX.DB.A Canadian Solar Inc nt 4.25% 2019/02/15 22.222 com. sh(s). to Feb 14, 2019 US$45.00 5 FP Bonds — Corporate 2018 23 DBRS Rating Scale: Corporate Bonds The following tables itemize the latest ratings as provided by Dominion Bond Rating Service Limited. The Corporate Bond Rating Scale is as follows: AAA Highest Bonds rated AAAare of the highest credit quality. The degree of protection afforded principal and interest is of the highest order. Earnings are considered stable, the structure of the industry in which the Company operates is very strong, and the outlook for future profitability is extremely favourable. There are few qualifying factors present which would detract from the performance of the Company, and the strength of liquidity ratios is unquestioned. AA Superior Bonds rated AA are of superior credit quality, and protection of interest and principal is considered high. In many cases, they differ from bonds rated AAA only to a small degree. A Satisfactory Bonds rated A are of satisfactory credit quality. Protection of interest and principal is still substantial, but the degree of strength is less than with AA rated companies. Companies in this category may be more susceptible to adverse economic conditions. BBB Adequate Bonds rated BBB are of adequate credit quality. Protection of interest and principal is considered acceptable, but the Company is fairly susceptible to economic cycles, or there may be other adversities present which reduce the strength of these bonds.