National Bank of Canada NTIOF6165804 Bond Risk Profile Revealed

A bond issued by National Bank of Canada has been analyzed for risk profile. The bond, NTIOF6165804, is a corporate bond with a 4.45% coupon rate and matures on September 4, 2029. According to the analysis, the bond's credit risk assessment indicates that it is rated 710 by Standard & Poor's (S&P) as of October 11, 2015.

The issuer, National Bank of Canada Financial, Inc., has a guarantee status of 'Senior' and its seniority level is classified as 'Senior non preferred'. The bond's pledge status is unsecured, indicating that it does not have any collateral backing it. The inflation protection aspect of the bond is non-protected.

The analysis also highlights the bond's credit enhancement type as a guarantee from National Bank of Canada. Furthermore, the issuer has obtained ratings from S&P and Fitch Ratings, with the latter rating the issuer at 730 as of April 1, 2019. The use of proceeds for this bond is designated for general corporate purposes.