Issuers are the Canada Mortgage and Housing Corporation, Canada Post Corporation, Canadian Wheat Board, Export Development Corporation and the Business Development Bank. The Canadian Wheat Board is a direct guarantee of the consolidated revenue fund of the Government of Canada. Residuals are zero coupon Government of Canada securities priced at a discount to face value maturing on a specific coupon date or on the bond maturity date. Coupons are Government of Canada bond coupons stripped off a bond and also sold as discount securities maturing at face value. Various terms are offered.
Paper is issued to finance an oil development project located off the coast of Newfoundland.
The guarantor is Her Majesty the Queen in right of Canada. They are provincial guarantees and subsequently carry the corresponding Provincial rating. Some issuers are referred to as Provincial Crown Corporations or Provincial Crown guarantees. Issuers are comprised of the Alberta Municipal Financing Corporation, Alberta Treasury Branches,The Manitoba Hydro Electric Board, Newfoundland Labrador Hydro, Ontario Hydro and Hydro-Quebec. Residuals are zero coupon Provincial government securities priced at a discount to face value maturing on a specific coupon date or on the bond maturity date.