Canadian Natural 3.85% 2027 bond (US136385AX99)
As of 2026-10-27 · rebuilt daily
https://bondscovery.com/bond/US136385AX99
Canadian Natural's 3.85% USD bond maturing 2027-06-01 (US136385AX99) yields 4.83% to worst as of 2026-10-27. That is 50 bp over the US Treasury curve at the same maturity and 21 bp below the fitted Canada Investment Grade Oil & Gas Corporate Bond (USD) curve.
Against its curves
Each curve's fitted yield at this bond's maturity (at its call date, where it is priced to call), and the bond's spread to it.
| Curve | Curve yield | Spread |
|---|---|---|
| US Treasury Yields | 4.33% | +50 bp |
| Canadian Natural Bond Yields (USD) | 4.88% | -6 bp |
| Canada Investment Grade Oil & Gas Corporate Bond Yields (USD) | 5.03% | -21 bp |
| Canada A–BBB Corporate Bond Yields (USD) | 4.89% | -6 bp |
| Canada Investment Grade Corporate Bond Yields (USD) | 4.72% | +11 bp |
| US A–BBB Oil & Gas Corporate Bond Yields (USD) | 5.03% | -20 bp |
| US Investment Grade Oil & Gas Corporate Bond Yields (USD) | 4.89% | -6 bp |
| US A–BBB Corporate Bond Yields (USD) | 4.90% | -8 bp |
The bond
| ISIN | US136385AX99 |
|---|---|
| Issuer | Canadian Natural |
| Issuer type | Corporate |
| Country | Canada |
| Sector | Oil & Gas |
| Currency | USD |
| Coupon | 3.85% |
| Coupon frequency | Semiannual |
| Maturity | 2027-06-01 |
| Rating band | A+–BBB- (Investment Grade) |
| Yield to worst | 4.83% |