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Bombardier 7.875% 04/27 (USD)
Bombardier Inc.
Bombardier Inc. is a manufacturer of both planes and trains.The Company operates plants in North America, Europe, and Asia.
to trade this BondbloX
Bondblox Price Information
Last Price
-
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUSC10602BG11
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
2.821
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Underlying Bond Information
Bond Issuer
Bombardier Inc.
ISIN
USC10602BG11
Bond Currency
USD
Country of Risk
CAN
Guarantor
Not Applicable
Coupon
7.875%
Coupon Type
Fixed-Fixed (For Life)
Industry Type
Aerospace & Defense
Minimum Denomination
2,000
Minimum Increment
1,000
Amount Issued
2,000,000,000
Amount Outstanding
2,000,000,000
Issue Date
Mar 7, 2019
Maturity Date
04/27
Perpetual
N
Redemption Value
100.000
Bond Rating
Moody's:B3,S&P:B-
Registration Type
Regulation S
Seniority
Senior Unsecured
Callable
Y
Next Call Date
Mar 27, 2024
Next Call Price
101.969
Reference Rate
-
Spread
-
Refix Frequency (years)
-
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Apr 15, 2024
Day Count Basis
30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Optional Redemption

On or after April 15, 2022, the Corporation may, at its option, on one or more occasions, redeem all or any portion of the Securities, after giving the required notice thereof in accordance with Section 10.02 – Election to Redeem; Notice to Trustee and Section 10.04 – 79 Notice of Redemption, at the Redemption Prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, to but excluding the Redemption Date, if redeemed during the 12-month period commencing on April 15 of the years indicated below, subject to the right of Holders of record on a Regular Record Date to receive interest due on the respective Interest Payment Date: 

  • 2022 - 103.93750%
  • 2023 - 101.96875%
  • 2024 and thereafter - 100.00000%
Legal Defeasance And Covenant Defeasance

Section 11.01 Corporation’s Option to Effect Legal Defeasance or Covenant Defeasance

The Corporation may at any time, at its option, by Board Resolution, elect to have either Section 11.02 – Legal Defeasance or Section 11.03 – Covenant Defeasance applied to the Outstanding Securities upon compliance with the applicable conditions set forth in this Article Eleven.

Section 11.02 Legal Defeasance

At the option of the Corporation and at any time, the Corporation may elect to be discharged from any and all obligations with respect to the Securities (“Legal Defeasance”) and cure all then-existing Events of Default, except for the following rights, obligations, powers, trusts, duties and immunities which shall survive until otherwise terminated or discharged hereunder: (i) the rights of the Holders the Securities to receive, solely out of the trust created pursuant to Section 11.04 – Conditions to Legal Defeasance or Covenant Defeasance, payments in respect of the principal of, and any premium, Additional Amounts and interest on, the Securities when and as such payments shall become due; (ii) the Corporation’s obligations with respect to the Securities under Section 3.04 – Temporary Securities, Section 3.05 – Registrar, Transfer Agent and Paying Agent, Section 3.06 – Registration, Transfer and Exchange and Section 3.09 – Mutilated, Defaced, Destroyed, Lost or Wrongfully Taken Securities; (iii) the rights, powers, trusts, duties and immunities of the Trustees hereunder (including, without limitation, Section 6.03 – Protection of Trustees); (iv) the rights and obligations under this Article Eleven; and (v) the rights and obligations described in the last paragraph of Section 4.01 – Satisfaction and Discharge of Indenture. The Trustees, at the expense of the Corporation, shall execute proper instruments acknowledging any Legal Defeasance. Subject to compliance with this Article Eleven, the Corporation may exercise its option with respect to Legal Defeasance under this Section 11.02 notwithstanding the prior exercise of its option with respect to Covenant Defeasance under Section 11.03 – Covenant Defeasance with respect to the Securities.

Section 11.03 Covenant Defeasance

Upon the Corporation’s exercise of the option provided in Section 11.01 – Corporation’s Option to Effect Legal Defeasance or Covenant Defeasance to obtain a Covenant Defeasance with respect to the Securities, the Corporation shall be released from its obligations under Section 9.02  Negative Pledge and Subsidiary Guarantees, clause (c) of Section 9.03 – 81 Reporting; Certificates of Compliance, Section 9.04 – Offer to Purchase Securities Upon a Change of Control, Section 9.06 – Maintenance of Corporate Existence and Section 9.07 – Disposition as a Whole with respect to the Securities on and after the date that the applicable conditions set forth in Section 11.04 – Conditions to Legal Defeasance or Covenant Defeasance shall be satisfied. The term “Covenant Defeasance” means that, with respect to the Securities, the Corporation may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any of Section 9.02 – Negative Pledge and Subsidiary Guarantees, clause (c) of Section 9.03  Reporting; Certificates of Compliance, Section 9.04 – Offer to Purchase Securities Upon a Change of Control, Section 9.06 – Maintenance of Corporate Existence and Section 9.07 – Disposition as a Whole, whether directly or indirectly by reason of any reference elsewhere herein to such Section or Article or by reason of any reference in such Section or Article to any other provision herein or in any other document, and such omission to comply shall not constitute an Event of Default under Section 5.01 – Event of Default with respect to the Securities; but the remaining provisions of this Indenture and the other terms of the Securities shall be unaffected thereby.

Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXUSC10602BG11.
Download
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
 
Bombardier 7.875% 04/27 (USD)
to trade this BondbloX
Bombardier Inc.
Bombardier Inc. is a manufacturer of both planes and trains.The Company operates plants in North America, Europe, and Asia.
Bondblox Price Information
Last Price
-
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUSC10602BG11
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
2.821
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Settlement Cycle
Instant (Fractional)
Underlying Bond Information
Bond Issuer
Bombardier Inc.
ISIN
USC10602BG11
Bond Currency
USD
Country of Risk
CAN
Guarantor
Not Applicable
Coupon
7.875%
Coupon Type
Fixed-Fixed (For Life)
Industry Type
Aerospace & Defense
Minimum Denomination
2,000
Minimum Increment
1,000
Amount Issued
2,000,000,000
Amount Outstanding
2,000,000,000
Issue Date
Mar 7, 2019
Maturity Date
04/27
Perpetual
N
Redemption Value
100.000
Bond Rating
Moody's:B3
S&P:B-
Registration Type
Regulation S
Seniority
Senior Unsecured
Callable
Y
Next Call Date
Mar 27, 2024
Next Call Price
101.969
Reference Rate
-
Spread
-
Refix Frequency (years)
-
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Apr 15, 2024
Day Count Basis
30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Optional Redemption

On or after April 15, 2022, the Corporation may, at its option, on one or more occasions, redeem all or any portion of the Securities, after giving the required notice thereof in accordance with Section 10.02 – Election to Redeem; Notice to Trustee and Section 10.04 – 79 Notice of Redemption, at the Redemption Prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, to but excluding the Redemption Date, if redeemed during the 12-month period commencing on April 15 of the years indicated below, subject to the right of Holders of record on a Regular Record Date to receive interest due on the respective Interest Payment Date: 

  • 2022 - 103.93750%
  • 2023 - 101.96875%
  • 2024 and thereafter - 100.00000%
Legal Defeasance And Covenant Defeasance

Section 11.01 Corporation’s Option to Effect Legal Defeasance or Covenant Defeasance

The Corporation may at any time, at its option, by Board Resolution, elect to have either Section 11.02 – Legal Defeasance or Section 11.03 – Covenant Defeasance applied to the Outstanding Securities upon compliance with the applicable conditions set forth in this Article Eleven.

Section 11.02 Legal Defeasance

At the option of the Corporation and at any time, the Corporation may elect to be discharged from any and all obligations with respect to the Securities (“Legal Defeasance”) and cure all then-existing Events of Default, except for the following rights, obligations, powers, trusts, duties and immunities which shall survive until otherwise terminated or discharged hereunder: (i) the rights of the Holders the Securities to receive, solely out of the trust created pursuant to Section 11.04 – Conditions to Legal Defeasance or Covenant Defeasance, payments in respect of the principal of, and any premium, Additional Amounts and interest on, the Securities when and as such payments shall become due; (ii) the Corporation’s obligations with respect to the Securities under Section 3.04 – Temporary Securities, Section 3.05 – Registrar, Transfer Agent and Paying Agent, Section 3.06 – Registration, Transfer and Exchange and Section 3.09 – Mutilated, Defaced, Destroyed, Lost or Wrongfully Taken Securities; (iii) the rights, powers, trusts, duties and immunities of the Trustees hereunder (including, without limitation, Section 6.03 – Protection of Trustees); (iv) the rights and obligations under this Article Eleven; and (v) the rights and obligations described in the last paragraph of Section 4.01 – Satisfaction and Discharge of Indenture. The Trustees, at the expense of the Corporation, shall execute proper instruments acknowledging any Legal Defeasance. Subject to compliance with this Article Eleven, the Corporation may exercise its option with respect to Legal Defeasance under this Section 11.02 notwithstanding the prior exercise of its option with respect to Covenant Defeasance under Section 11.03 – Covenant Defeasance with respect to the Securities.

Section 11.03 Covenant Defeasance

Upon the Corporation’s exercise of the option provided in Section 11.01 – Corporation’s Option to Effect Legal Defeasance or Covenant Defeasance to obtain a Covenant Defeasance with respect to the Securities, the Corporation shall be released from its obligations under Section 9.02  Negative Pledge and Subsidiary Guarantees, clause (c) of Section 9.03 – 81 Reporting; Certificates of Compliance, Section 9.04 – Offer to Purchase Securities Upon a Change of Control, Section 9.06 – Maintenance of Corporate Existence and Section 9.07 – Disposition as a Whole with respect to the Securities on and after the date that the applicable conditions set forth in Section 11.04 – Conditions to Legal Defeasance or Covenant Defeasance shall be satisfied. The term “Covenant Defeasance” means that, with respect to the Securities, the Corporation may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any of Section 9.02 – Negative Pledge and Subsidiary Guarantees, clause (c) of Section 9.03  Reporting; Certificates of Compliance, Section 9.04 – Offer to Purchase Securities Upon a Change of Control, Section 9.06 – Maintenance of Corporate Existence and Section 9.07 – Disposition as a Whole, whether directly or indirectly by reason of any reference elsewhere herein to such Section or Article or by reason of any reference in such Section or Article to any other provision herein or in any other document, and such omission to comply shall not constitute an Event of Default under Section 5.01 – Event of Default with respect to the Securities; but the remaining provisions of this Indenture and the other terms of the Securities shall be unaffected thereby.

Related Documents
Final Terms
Download
This document constitutes the Final Terms relating to the issue of BondbloX BEXUSC10602BG11.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.

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