Sherritt International Corp., founded in 1927 and headquartered in Toronto, Canada, is a resource company focused on the mining and processing of nickel and cobalt, along with energy production. The company operates primarily in Canada and Cuba, leveraging its expertise in hydro-metallurgical technology to produce high-quality nickel and cobalt products.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SCN 10.75% 2029-08-31 CADSherritt International Corp. | Canada | 2029-08-31 | 10.750 | 27.39 |
| SCN 8.50% 2026-11-30 CADSherritt International Corp. | Canada | 2026-11-30 | 8.500 | 76.21 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Sherritt began issuing bonds in the early 1990s, with notable issuances including a CAD 200 million bond in 2014, aimed at financing operational advancements. As of October 2023, the company’s current bond yields are competitive within the mining sector, reflecting a consistent credit profile despite fluctuating commodity prices. Recently, Sherritt announced a strategic shift to focus on non-dilutive financing options as part of its bond strategy, indicating a proactive approach to manage debt and improve liquidity in a dynamic market environment.