CPPIB prices A$1.3 billion Kangaroo

Thursday, 05 January 2023

Issuer name: CPPIB Capital, guaranteed by the Canadian Pension Plan Investment Board
Issuer rating: AAA/Aaa
Issue rating: as issuer
Pricing date: 5 January 2023
Settlement date: 16 January 2023
Maturity date: 16 January 2026
Lead managers: Deutsche Bank, Nomura, RBC Capital Markets

Transaction type: Kangaroo senior-unsecured
Volume: A$1.3 billion (US$885.8 million)
Total outstanding in the line: A$1.3 billion
Coupon type: fixed
Coupon rate: 4.4%
Issue/re-offer price: 99.812%
Issue yield: 4.4675%
Margin: 53bp/s-q swaps
Margin to ACGBs: 105.35bp/November 2025