News Column

Government of Canada Considering Issuing More Ultra-Long Bonds

July 9, 2014

OTTAWA, Ontario, July 9 -- The Department of Finance Canada issued the following news release:

The Government of Canada is considering issuing more ultra-long bonds, subject to favourable market conditions, through a reopening of the 2.75% Government of Canada bond maturing on December 1, 2064 using a syndicated process.

As first announced in the Debt Management Strategy for 2012-13, the issuance of bonds in the ultra-long sector would contribute to a reduction in refinancing risk at a low cost, in line with the key objectives of the medium-term debt strategy, which are to reduce interest rate and rollover risks.

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Source: Targeted News Service

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