NAV CANADA issues General Obligation Notes

1 minute read
29 March 2018

On March 29, 2018, NAV CANADA announced that it had completed an issue of $275 million 30-year General Obligation Notes which bear interest at the rate of 3.293 per cent per annum.

The proceeds of the Notes will be used to repay a portion of NAV CANADA's $350 million Series MTN 2013-1 General Obligation Notes which mature on April 19, 2018.

NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace.

Gowling WLG advised NAV CANADA with respect to this issuance with a team that included Bryce Kraeker and Radhika Vaidyanathan.


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