Baffinland Iron Mines Corp., founded in 2005 and headquartered in Oakville, Ontario, is a Canadian mining company primarily focused on the exploration and development of iron ore assets in the North. The company's flagship project is the Mary River Iron Ore Project located on Baffin Island, which is known for its high-quality iron ore production.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| BIMCN 8.75% 2026-07-15 USDBaffinland Iron Mines Corp. | Canada | 2026-07-15 | 8.750 | 24.24 |
| BIMCN 8.75% 2026-07-15 USDBaffinland Iron Mines Corp. | Canada | 2026-07-15 | 8.750 | 23.51 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Baffinland issued its first bonds in 2014 as part of financing for its ambitious mining projects. Notably, the company completed a significant $200 million bond issuance in 2019 to support expansions, which attracted investor interest due to its favorable yield compared to industry averages. As of late 2023, Baffinland’s bonds are regarded for their high-risk profile given ongoing operational challenges, but they offer higher yields reflecting the associated credit risk in a volatile commodity market.