Morguard Corporation, founded in 1973 and headquartered in Mississauga, Ontario, is a prominent real estate investment and management firm focused on delivering value to its investors through strategic property management. The company specializes in the acquisition, development, and management of retail, office, industrial, and multi-residential properties across Canada and the United States, positioning itself as a key player in the North American real estate market.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MRCCN 9.50% 2026-09-26 CADMorguard Corporation | Canada | 2026-09-26 | 9.500 | 3.27 |
| MRCCN 9.50% 2026-09-26 CADMorguard Corporation | Canada | 2026-09-26 | 9.500 | 3.27 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Morguard has a notable history of bond issuances that began in the late 1990s to fund its expanding portfolio. One significant issuance occurred in 2016 when it launched a $200 million bond offering to finance acquisitions and refinance existing debt, demonstrating its strong commitment to growth. Currently, Morguard's bonds yield approximately 4.5%, which is competitive within the industry, reflecting the company’s solid credit quality and strategic initiatives. In recent news, Morguard announced plans for further bond offerings in response to favorable market conditions, aiming to leverage low interest rates to optimize its capital structure.