Show Attempt History Current Attempt in Progress Banting Best Pharmaceuticals Ltd. is a large commercial insulin producer, with a number of manufacturing facilities across Canada. To finance the additional real estate and production facilities necessary to meet the increasing global demand for the company's products, the company decided to issue bonds. On May 1, 2020, it issued 20-year, semi-annual bonds with a face value of $95,000,000. The contract rate on the bonds was 10.1% and the bonds were issued at 95.9 to yield 10.6 %. Interest payments are to be made each October 31 and April 30.