Sagen MI Canada Inc, established in 1987 and headquartered in Toronto, Ontario, operates as a leading mortgage default insurance provider. The company plays a crucial role in the Canadian housing market by offering insurance products that enable lenders to provide mortgage loans to home buyers with lower down payments, thereby promoting affordable homeownership.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MICCN 2.96% 2027-03-01 CADSagen MI Canada Inc | Canada | 2027-03-01 | 2.955 | 2.92 |
| MICCN 3.26% 2031-03-05 CADSagen MI Canada Inc | Canada | 2031-03-05 | 3.261 | 4.30 |
| MICCN 4.95% 2081-03-24 CADSagen MI Canada Inc | Canada | 2081-03-24 | 4.950 | 7.13 |
| MICCN 5.91% 2028-05-19 CADSagen MI Canada Inc | Canada | 2028-05-19 | 5.909 | 3.81 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Sagen MI Canada Inc has been active in the bond market since its inception, issuing various types of bonds to support its insurance obligations. Notably, in recent years, the company issued a significant CAD 500 million bond in 2022, which was well-received in the market, reflecting strong investor confidence. As of late 2023, Sagen's current bond yields stand competitively against industry averages, highlighting their attractive value proposition. Additionally, their bonds have features such as predictable cash flows and strong credit ratings, further increasing their appeal to investors looking for stability in the mortgage insurance sector.