Canadian Pacific 4% 2028 bond (US13645RAY09)
As of 2026-10-27 · rebuilt daily
https://bondscovery.com/bond/US13645RAY09
Canadian Pacific's 4% USD bond maturing 2028-06-01 (US13645RAY09) yields 5.06% to worst as of 2026-10-27. That is 40 bp over the US Treasury curve at the same maturity and 5 bp above the fitted Canada Investment Grade Transportation 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 | 4.66% | +40 bp |
| Canadian Pacific Bond Yields (USD) | 4.97% | +9 bp |
| Canada Investment Grade Transportation Corporate Bond Yields (USD) | 5.01% | +5 bp |
| US A–BBB Transportation Corporate Bond Yields (USD) | 5.06% | -0 bp |
| US Investment Grade Transportation Corporate Bond Yields (USD) | 5.07% | -1 bp |
| Canada A–BBB Corporate Bond Yields (USD) | 5.13% | -7 bp |
| Canada Investment Grade Corporate Bond Yields (USD) | 5.06% | +0 bp |
| US A–BBB Corporate Bond Yields (USD) | 5.15% | -9 bp |
The bond
| ISIN | US13645RAY09 |
|---|---|
| Issuer | Canadian Pacific |
| Issuer type | Corporate |
| Country | Canada |
| Sector | Transportation |
| Currency | USD |
| Coupon | 4% |
| Coupon frequency | Semiannual |
| Maturity | 2028-06-01 |
| Rating band | A+–BBB- (Investment Grade) |
| Yield to worst | 5.06% |