Canadian National Railway Co. (CN), founded in 1919 and headquartered in Montréal, Québec, serves as Canada's largest railway company, with operations extending into the U.S. The company's primary purpose is to provide rail transportation services that facilitate the movement of goods across North America, offering a diverse range of services including intermodal freight, bulk commodities, and automotive transport.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
CN has a robust history of bond issuances, with its first bonds dating back to its establishment in the early 20th century. Notable recent bond offerings include a $750 million issuance in 2022, aimed at refinancing existing debt, with yields competitive at around 3.5%, compared to the industry average of approximately 4.0%. The company also maintains a strong credit rating, bolstered by its consistent financial performance, which enhances investor confidence in its bonds.