CPKC plans CAD 1.8 billion bond offering
CP•CPKC launched a CAD 1.8 billion bond offering through subsidiary Canadian Pacific Railway, backed by a CPKC guarantee. Proceeds will mainly refinance outstanding CPRC debt, with the remainder for general corporate purposes; closing is expected Oct. 6, 2026.
1. Bond offering details
The offering comprises four tranches: CAD 500 million of 4.20% bonds due 2030, CAD 550 million of 4.60% bonds due 2033, CAD 300 million of 4.90% bonds due 2037, and CAD 450 million of 5.40% bonds due 2056. Closing is expected on Oct. 6, 2026.
2. Use of proceeds
CPKC said proceeds will be used mainly to refinance outstanding CPRC debt, with the remainder designated for general corporate purposes.
