Magna International Inc., founded in 1957 and headquartered in Aurora, Ontario, is a global automotive supplier committed to delivering innovative products and solutions to the automotive industry. The company specializes in a wide range of services including vehicle engineering, information and electronics, exterior systems, power and vision components, and full vehicle assembly, catering to major automotive manufacturers worldwide.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MGCN 1.50% 2027-09-25 EURMagna International Inc. | Canada | 2027-09-25 | 1.500 | 2.47 |
| MGCN 2.45% 2030-06-15 USDMagna International Inc. | Canada | 2030-06-15 | 2.450 | 4.23 |
| MGCN 3.63% 2031-05-21 EURMagna International Inc. | Canada | 2031-05-21 | 3.625 | 3.25 |
| MGCN 4.15% 2025-10-01 USDMagna International Inc. | Canada | 2025-10-01 | 4.150 | 4.46 |
| MGCN 4.38% 2032-03-17 EURMagna International Inc. | Canada | 2032-03-17 | 4.375 | 3.39 |
| MGCN 4.80% 2029-05-30 CADMagna International Inc. | Canada | 2029-05-30 | 4.800 | 3.40 |
| MGCN 4.95% 2031-01-31 CADMagna International Inc. | Canada | 2031-01-31 | 4.950 | 3.71 |
| MGCN 5.05% 2029-03-14 USDMagna International Inc. | Canada | 2029-03-14 | 5.050 | 4.07 |
| MGCN 5.50% 2033-03-21 USDMagna International Inc. | Canada | 2033-03-21 | 5.500 | 4.76 |
| MGCN 5.88% 2035-06-01 USDMagna International Inc. | Canada | 2035-06-01 | 5.875 | 4.86 |
| MGCN 5.98% 2026-03-21 USDMagna International Inc. | Canada | 2026-03-21 | 5.980 | 5.60 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Magna started issuing bonds in the early 1990s, with significant issuances aimed at funding strategic acquisitions and capital projects. Notably, its $500 million bond issued in 2017 featured a 3.5% coupon rate, reflecting favorable yields compared to industry averages. Recent reports indicate interest in expanding its bond offerings, especially for sustainability initiatives, positioning Magna as a player in the growing green bond market, while maintaining a solid credit rating amid changing market conditions.