2026 BBD bonds at parThis morning on the TD webbroker site , the 2026 bonds are offered at 100,85 (for retail). The return is at 7,10%.
For comparison, Ford Credit Canada (BB) offered a 6,3% return for its 2026 bonds and Air Canada, 6,72% for its secured 2029 bonds (BB-).
That is looking good for the future refinancing of Bombardier. The de-risking perception is real on all credit facilities.