Strait Crossing Development Inc., founded in 1998 and based in Prince Edward Island, Canada, is dedicated to the development and management of infrastructure projects. The company is primarily known for overseeing the operation of the Confederation Bridge, connecting Prince Edward Island to mainland Canada, thereby enhancing regional connectivity and economic growth.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| STRCRO 6.17% 2031-09-15 CADStrait Crossing Development Inc. | Canada | 2031-09-15 | 6.170 | 5.64 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Strait Crossing Development Inc. began issuing bonds in 1999 to finance the construction of the Confederation Bridge. One notable issuance was in 2000, which raised over CAD 300 million, significantly contributing to the project's funding. Currently, the company's bonds yield around 4.5%, competitive within the infrastructure sector, and are structured with call options allowing for early redemption. In recent news, Strait Crossing announced plans to refinance existing debt through a green bond issuance aimed at supporting sustainable infrastructure initiatives.