CPKC lines up C$1.8 billion bond issue to refinance debt
Canadian Pacific Kansas City ($CP)’s railway subsidiary is issuing C$1.8 billion of notes across four maturities, with the listed parent guaranteeing the debt. The package comprises C$500 million at 4.20% due 2030, C$550 million at 4.60% due 2033, C$300 million at 4.90% due 2037 and C$450 million at 5.40% due 2056. Completion is expected on October 6, subject to customary conditions. The proceeds are intended primarily to refinance Canadian Pacific Railway’s outstanding borrowings, with general
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