OUR OFFICES OUR CONTRIBUTORS NEWS HUB FRANÇAIS We are PSP Our Performance We are Investors We are a Debt Issuer Work with Us We are a debt issuer Learn how we leverage the strength of our balance sheet Investor Presentation Date: March 31, 2021 Size: 11.4 MB 2021 Annual Report Date: March 31, 2021 Size: 12.6 MB 2021 Responsible Investment Report Date: March 31, 2021 Size: 1.7 MB Latest updates October 19, 2021 PSP Capital Inc. has issued a USD 1 billion bond, with a 1.625% coupon, maturing October 26, 2028. October 18, 2021 PSP Capital Inc. mandates BNP Paribas, Citi, Morgan Stanley and RBC Capital Markets for a USD 7-year fixed rate benchmark transaction in 144A/3(c)(7) RegS format. September 8, 2021 PSP Capital Inc. has issued a US$ 1.25 billion bond, with a 0.50% coupon, maturing September 15, 2024. August 31, 2021 PSP Capital Inc. mandates Barclays, HSBC, Goldman Sachs International and TD Securities for a USD 3-year fixed rate benchmark transaction in 144A/3(c)(7) RegS format. VIEW ARCHIVE A strong credit profile PSP Investments and PSP Capital's debt programs are rated AAA/AAA/Aaa/AAA. The strength of our credit profile is based on our governance, Canadian government sponsorship, high liquidity standards, and conservative approach to leverage. We tailor our portfolio construction and investment strategies to achieve long-term goals and maintain our credit rating. DBRS Short-Term rating: R-1 (High) Long-Term rating: AAA Outlook: Stable DOWNLOAD THE REPORT S&P’s Short-Term rating: A-1+ Long-Term rating: AAA Outlook: Stable DOWNLOAD THE REPORT Moody’s Short-Term rating: P-1 Long-Term rating: Aaa Outlook: Stable DOWNLOAD THE REPORT Fitch Ratings Short-Term rating: F1+ Long-Term rating: AAA Outlook: Stable DOWNLOAD THE REPORT A strong history of rapid growth and a robust framework Our strong historical performance and rapid growth led to the establishment of a funding platform to leverage the strength of our balance sheet. In 2005, we began issuing debt through PSP Capital, a wholly-owned and fully guaranteed subsidiary. A robust governance framework combined with a conservative approach to borrowing allowed us to attract both domestic and international investors. OUR GROWTH AND REACH Our Edge Strong balance sheet We are a crown entity, 100% owned by the Government of Canada We operate at arm's length from the Government of Canada We are an asset manager with an exclusive mandate The Government of Canada has the obligation to fund the pension plans in case of actual shortfall Positive projected annual cash inflows for the near future Insolvency cannot occur without an act of Parliament OUR DEBT PROGRAMS Benefits for investors Exposure to Canadian Federal SSA (Sovereign, Supranational and Agency) issuer An attractive alternative to federal government and agency products Positive spread vs. Government of Canada Agencies Debt issuance ranks senior to pension plan liabilities Frequent, predictable issuance Improved secondary liquidity Increasingly diversified and international investor base VIEW OUR INVESTOR PRESENTATION Meet our team leader Renaud de Jaham Managing Director and Treasurer Email us at debtissuers@investpsp.ca to subscribe and receive our latest updates. SITEMAP PRIVACY ACCESS TO INFORMATION TERMS OF USE COOKIE SETTINGS © 2021 PSP INVESTMENTS Use of cookies We use cookies to personalize content and to analyze our traffic. We also share information about your use of our site with our advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You may manage your cookie preferences by accessing the banner on the left-hand side of your screen. For more information on how we process personal information, please refer to our Privacy Notice. Cookies Settings REJECT ALL ACCEPT ALL