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Methanex 5.250% 12/29 (USD)
Methanex Corporation
Methanex Corporation produces and markets methanol. The Company's methanol is used to make industrial and consumer products including windshield washer fluid, plywood floors, paint, silicone sealants and synthetic fibres.
to trade this BondbloX
Bondblox Price Information
Last Price
-
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUS59151KAL26
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
1.006
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Underlying Bond Information
Bond Issuer
Methanex Corporation
ISIN
US59151KAL26
Bond Currency
USD
Country of Risk
CAN
Guarantor
Not Applicable
Coupon
5.250%
Coupon Type
Fixed-Fixed (For Life)
Industry Type
Chemicals
Minimum Denomination
2,000
Minimum Increment
1,000
Amount Issued
700,000,000
Amount Outstanding
700,000,000
Issue Date
Sep 12, 2019
Maturity Date
12/29
Perpetual
N
Redemption Value
100.000
Bond Rating
Moody's:Ba1,S&P:BB,Fitch:BB+
Registration Type
Registered Offering
Seniority
Senior Unsecured
Callable
Y
Next Call Date
Sep 15, 2029
Next Call Price
100.000
Reference Rate
-
Spread
-
Refix Frequency (years)
-
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jun 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:
  • Prior to September 15, 2029 (three months before maturity) with respect to the Notes (the “Early Call Date”), we will have the option to redeem the Notes, in whole or in part at anytime, at a redemption price equal to the greater of: (1) 100% of the principal amount of the applicable Notes being redeemed; and (2) the sum of the present values of the remaining scheduled payments of principal and interest that would be due if the Notes matured on the Early Call Date but for the redemption (exclusive of interest accrued to the date of redemption) discounted to the redemption date, calculated on a semi-annual basis (assuming a 360-day year of twelve 30-day months), at the Treasury Rate (as defined herein), plus 50 basis points, together with accrued and unpaid interest thereon to the date of redemption.
  • At any time on or after the Early Call Date, we may redeem the Notes in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes being redeemed, together with accrued and unpaid interest thereon to the date of redemption.
  • See “Description of the Notes – Optional Redemption.”
Change of Control Offer:

Upon the occurrence of a Change of Control Triggering Event, which occurs only if a Change of Control and a Ratings Decline (as such terms are defined in the Indenture) both occur, we are required to offer to purchase all outstanding Notes at 101% of their principal amount plus accrued and unpaid interest to the date of purchase. See “Description of Debt Securities – Certain Covenants – Change of Control” in the accompanying prospectus.

Covenants:

The Indenture will, among other things, restrict our ability and the ability of certain of our subsidiaries to:

  • incur liens;
  • enter into sale/leaseback transactions;
  • in the case of certain of our subsidiaries, incur indebtedness without guaranteeing the Notes;
  • enter into or conduct transactions with unrestricted subsidiaries; and
  • amalgamate or consolidate with, or merge with or into, or transfer all or substantially all of our assets or those of certain of our subsidiaries to any person.

These covenants are subject to important qualifications and limitations. For more details, see the section “Description of Debt Securities – Certain Covenants” in the accompanying prospectus.

Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXUS59151KAL26.
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.
 
Methanex 5.250% 12/29 (USD)
to trade this BondbloX
Methanex Corporation
Methanex Corporation produces and markets methanol. The Company's methanol is used to make industrial and consumer products including windshield washer fluid, plywood floors, paint, silicone sealants and synthetic fibres.
Bondblox Price Information
Last Price
-
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUS59151KAL26
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
1.006
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Settlement Cycle
Instant (Fractional)
Underlying Bond Information
Bond Issuer
Methanex Corporation
ISIN
US59151KAL26
Bond Currency
USD
Country of Risk
CAN
Guarantor
Not Applicable
Coupon
5.250%
Coupon Type
Fixed-Fixed (For Life)
Industry Type
Chemicals
Minimum Denomination
2,000
Minimum Increment
1,000
Amount Issued
700,000,000
Amount Outstanding
700,000,000
Issue Date
Sep 12, 2019
Maturity Date
12/29
Perpetual
N
Redemption Value
100.000
Bond Rating
Moody's:Ba1
S&P:BB
Fitch:BB+
Registration Type
Registered Offering
Seniority
Senior Unsecured
Callable
Y
Next Call Date
Sep 15, 2029
Next Call Price
100.000
Reference Rate
-
Spread
-
Refix Frequency (years)
-
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jun 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:
  • Prior to September 15, 2029 (three months before maturity) with respect to the Notes (the “Early Call Date”), we will have the option to redeem the Notes, in whole or in part at anytime, at a redemption price equal to the greater of: (1) 100% of the principal amount of the applicable Notes being redeemed; and (2) the sum of the present values of the remaining scheduled payments of principal and interest that would be due if the Notes matured on the Early Call Date but for the redemption (exclusive of interest accrued to the date of redemption) discounted to the redemption date, calculated on a semi-annual basis (assuming a 360-day year of twelve 30-day months), at the Treasury Rate (as defined herein), plus 50 basis points, together with accrued and unpaid interest thereon to the date of redemption.
  • At any time on or after the Early Call Date, we may redeem the Notes in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes being redeemed, together with accrued and unpaid interest thereon to the date of redemption.
  • See “Description of the Notes – Optional Redemption.”
Change of Control Offer:

Upon the occurrence of a Change of Control Triggering Event, which occurs only if a Change of Control and a Ratings Decline (as such terms are defined in the Indenture) both occur, we are required to offer to purchase all outstanding Notes at 101% of their principal amount plus accrued and unpaid interest to the date of purchase. See “Description of Debt Securities – Certain Covenants – Change of Control” in the accompanying prospectus.

Covenants:

The Indenture will, among other things, restrict our ability and the ability of certain of our subsidiaries to:

  • incur liens;
  • enter into sale/leaseback transactions;
  • in the case of certain of our subsidiaries, incur indebtedness without guaranteeing the Notes;
  • enter into or conduct transactions with unrestricted subsidiaries; and
  • amalgamate or consolidate with, or merge with or into, or transfer all or substantially all of our assets or those of certain of our subsidiaries to any person.

These covenants are subject to important qualifications and limitations. For more details, see the section “Description of Debt Securities – Certain Covenants” in the accompanying prospectus.

Related Documents
Final Terms
Download
This document constitutes the Final Terms relating to the issue of BondbloX BEXUS59151KAL26.
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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