Sad, my AC bonds will be refinancedWith the refinancing annonced this week, the oct 2023 notes will be redeemed in august.
I owned these bonds for an average of 3 years. A perfect match for my RRSP almost fill with bonds. Good return of 3,8% with a company with a strong brand, a strong niche and a good balance sheet.
They were secured in first ranks by core assets of Air Canada. A very good risk/ return investment.
For the sceptics, the return offered for these bonds was in the 3,6%-3,8% at the beginning of july; the same return as 3 years ago. No change in the risk perception. ( As all bonds in the market, they were undervalued in 2020 but all this was back to normal since april 2021).