I am planning to buy a residual bond issued by Bell Canada as part of my retirement portfolio. The bond product that I am interested in offers an annual interest of 7.23% with December 2032 as it's maturity date. The current credit ratings for Bell are AL/BBB+/Baa1. I do know that the value of the bond will also fluctuate when the interest rate fluctuates, but I am planning to keep the money until the bond maturity so it should not matter to me. At this point what I really worry about is whether Bell Canada will be around to pay me the promised PAR amount more than 21 years later (Is a 21 year term too risky?). I just want to get other people's opinions about this, any other ideas about this bond product and Bell Canada (if is stable or not etc.) before I buy it.
Thanks
Thanks