Nova Chemicals Corp, founded in 1984 and headquartered in Calgary, Alberta, Canada, is a leading provider of innovative plastic solutions, primarily focusing on polyethylene production. The company is dedicated to developing sustainable and environmentally friendly polymers that cater to various industries, including packaging, automotive, and consumer products.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NCX 4.25% 2029-05-15 USDNova Chemicals Corp | Canada | 2029-05-15 | 4.250 | 5.38 |
| NCX 4.25% 2029-05-15 USDNova Chemicals Corp | Canada | 2029-05-15 | 4.250 | 5.31 |
| NCX 5.00% 2025-05-01 USDNova Chemicals Corp | Canada | 2025-05-01 | 5.000 | 0.00 |
| NCX 5.00% 2025-05-01 USDNova Chemicals Corp | Canada | 2025-05-01 | 5.000 | 0.00 |
| NCX 5.25% 2027-06-01 USDNova Chemicals Corp | Canada | 2027-06-01 | 5.250 | 5.07 |
| NCX 5.25% 2027-06-01 USDNova Chemicals Corp | Canada | 2027-06-01 | 5.250 | 4.27 |
| NCX 8.50% 2028-11-15 USDNova Chemicals Corp | Canada | 2028-11-15 | 8.500 | 6.77 |
| NCX 8.50% 2028-11-15 USDNova Chemicals Corp | Canada | 2028-11-15 | 8.500 | 6.76 |
| NCX 9.00% 2030-02-15 USDNova Chemicals Corp | Canada | 2030-02-15 | 9.000 | 7.03 |
| NCX 9.00% 2030-02-15 USDNova Chemicals Corp | Canada | 2030-02-15 | 9.000 | 7.01 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Nova Chemicals has maintained a consistent bond issuance strategy since the late 1990s, with notable issuances including a USD 500 million 10-year bond in 2020, aimed at refinancing existing debt and supporting growth initiatives. As of October 2023, the company's bonds were yielding approximately 4.5%, competitive within the industry due to its credit rating stability and strong market position. Additionally, Nova's bonds feature green characteristics, aligning with its commitment to sustainability, and have garnered attention amidst the growing investor focus on environmental responsibility.