Canada Nickel Company Inc

Industry: Other Industrial Metals & Mining

Sector: Basic Materials

Primary metal: Nickel

About

The G2SF 5.5% 1996 Floating Rate Note is a type of debt security issued with a variable interest rate that is reset periodically, referred to as a floating rate note. This specific note, associated with a government-sponsored entity, offers an interest rate tied to a benchmark, such as the London Interbank Offered Rate (LIBOR) or the U.S. Treasury Bill rate, plus a fixed percentage margin, in this case, 5.5%. This floating rate feature helps investors mitigate interest rate risk, making the note attractive during periods of rising interest rates. These notes play a critical role in the financial markets by providing flexibility to issuers who wish to manage interest costs relative to market fluctuations. Often utilized by financial institutions or government agencies, floating rate notes like the G2SF 5.5% are significant for cash flow management and liquidity strategies. With relevance across various sectors, including banking and government finance, they serve as a strategic tool for investors seeking exposure to credit markets while managing interest rate volatility.

Symbol: CNCExchange: TSXVCurrency: CAD