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Bird Construction Launches Inaugural Bond Offering

Bird Construction, a Canadian building contractor, is pursuing its first corporate bond sale to raise approximately C$250 million ($181 million). The company recently secured a lead construction partnership for a data center project in Saskatchewan, marking a significant contract win. The proposed bonds would carry a maturity timeline of five to seven years. Morningstar DBRS assigned Bird Construction an issuer rating of BBB (low) with a stable outlook, positioning the debt at the lowest rung of investment-grade standing. The bond sale represents the firm's initial foray into capital markets debt issuance.