Mobilinx Hurontario General Partnership, based in Mississauga, Ontario, was established to oversee the implementation of the Hurontario Light Rail Transit (LRT) project. The partnership focuses on delivering improved public transportation options and infrastructure in the region. Key services include project financing, construction management, and long-term asset operations for the LRT system.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MBXONT 3.28% 2039-05-31 CADMobilinx Hurontario General Partnership | Canada | 2039-05-31 | 3.276 | 5.27 |
| MBXONT 3.64% 2054-05-31 CADMobilinx Hurontario General Partnership | Canada | 2054-05-31 | 3.642 | 5.75 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its establishment, Mobilinx has actively participated in the bond market to finance its initiatives, first issuing bonds in 2019 to support the construction of the Hurontario LRT. A notable issuance in 2021 raised CAD 200 million to fund project advancements, reflecting strong investor interest amidst competitive yields. As of October 2023, the bonds yield around 3.5%, distinguishing themselves in a market where similar infrastructure bonds yield approximately 3.2%. Investors have been particularly attracted to the bonds due to their commitment to sustainable transportation and the project’s significance to regional transit development.