FP Bonds - Corporate

FPBonds Corporate

FP Bonds – Corporate 2008 lists outstanding publicly and privately held debt securities – together with their features and provisions – issued by Canadian incorporated companies. 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 1, 2008 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 2008 includes ratings supplied by Dominion Bond Rating Service (DBRS) and by Standard & Poor’s (S&P). The DBRS ratings, dated May 1, 2008, 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.

Contents of Bonds Corporate:

CORPORATE DEBT FINANCING A brief description of debt securities, their characteristics, and how they function.

DEFINITIONS A description of the features and details of corporate debt and the Canada Yield Price measurement used in determination of redemption prices

CONVERTIBLE DEBT Details of outstanding issues of convertible debt, including conversion basis, conversion price, stock symbol and stock exchange listings.

EXCHANGEABLE DEBT Details of outstanding issues of exchangeable debt, including exchange basis, exchange price, stock symbol and stock exchange listings

RETRACTABLE DEBT Details of outstanding issues of retractable debt, including retraction date and retraction price.

EXTENDIBLE DEBT Details of outstanding issues of extendible debt, including exercise date and maturity option.

ASSET-BACKED SECURITIES In tabular format, listed alphabetically by issuer.

CORPORATE BOND RATINGS:

Dominion Bond Rating Service Tabular ratings of corporate debt, listed by rating and alphabetically by issuer.

Standard & Poor’s Tabular ratings of corporate debt, listed alphabetically by company.

COMPANIES REFERENCED List of companies showing both current and previous corporate names.

CORPORATE FUNDED DEBT Detailed provisions of corporate debt outstanding.

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