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Archived - Debt Management Report 2003–2004 : 3

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Reference Table VII
Fiscal 2003–04 Treasury Bill Auction Results

Auction Date	Term	Issue amount	Average price	Average yield	Bid coverage	Tail


	(months)	($ millions)	($)	(%)		(basis points)
8-Apr-2003	12	1,700	96.641	3.625	2.344	0.4
8-Apr-2003	3	4,100	99.151	3.190	2.292	0.5
8-Apr-2003	6	1,700	98.478	3.358	2.187	0.5
22-Apr-2003	12	1,900	96.577	3.554	1.958	0.6
22-Apr-2003	3	4,700	99.137	3.241	2.242	0.5
22-Apr-2003	6	1,900	98.350	3.365	1.986	0.5
6-May-2003	12	1,900	96.710	3.548	1.987	0.6
6-May-2003	3	4,700	99.143	3.218	2.285	0.2
6-May-2003	6	1,900	98.481	3.352	2.462	0.2
20-May-2003	12	2,000	96.692	3.431	2.051	0.4
20-May-2003	3	5,000	99.149	3.197	2.177	0.5
20-May-2003	6	2,000	98.374	3.315	2.175	1.0
21-May-2003	C¹	3,000	99.877	3.221	1.841	1.9
28-May-2003	C	2,000	99.695	3.191	2.168	0.9
3-Jun-2003	12	2,000	97.052	3.168	2.006	0.2
3-Jun-2003	3	5,000	99.160	3.155	1.947	0.5
3-Jun-2003	6	2,000	98.553	3.189	2.355	0.3
17-Jun-2003	12	2,000	97.124	2.969	1.924	0.6
17-Jun-2003	3	5,000	99.167	3.127	2.260	0.3
17-Jun-2003	6	2,000	98.489	3.077	2.254	0.5
25-Jun-2003	C	2,000	99.589	3.076	2.304	0.4
2-Jul-2003	12	2,000	97.210	2.993	1.689	0.7
2-Jul-2003	3	5,000	99.181	3.077	2.181	0.4
2-Jul-2003	6	2,000	98.618	3.044	2.153	0.4
15-Jul-2003	12	2,100	97.195	2.894	2.013	2.1
15-Jul-2003	3	5,300	99.236	2.869	2.217	1.0
15-Jul-2003	6	2,100	98.581	2.887	2.460	0.3
28-Jul-2003	C	1,000	99.943	2.949	2.128	3.1
29-Jul-2003	12	2,100	97.485	2.690	2.025	0.8
29-Jul-2003	3	5,300	99.252	2.808	1.963	0.7
29-Jul-2003	6	2,100	98.766	2.715	2.080	0.7
12-Aug-2003	12	2,100	97.246	2.840	1.992	0.6
12-Aug-2003	3	5,300	99.249	2.819	2.126	0.6
12-Aug-2003	6	2,100	98.633	2.779	2.048	0.3
21-Aug-2003	C	3,000	99.733	2.794	2.009	0.6
26-Aug-2003	12	2,100	97.337	2.853	2.120	0.7
26-Aug-2003	3	5,300	99.280	2.700	2.030	0.4
26-Aug-2003	6	2,100	98.754	2.741	2.519	0.3
28-Aug-2003	C	2,000	99.944	2.914	1.818	3.6
9-Sep-2003	12	2,000	97.279	2.805	2.116	0.5
9-Sep-2003	3	5,000	99.292	2.654	2.379	0.3
9-Sep-2003	6	2,000	98.679	2.684	2.060	0.6
23-Sep-2003	12	2,100	97.503	2.671	2.269	0.6
23-Sep-2003	3	5,300	99.322	2.597	2.042	0.6
23-Sep-2003	6	2,100	98.821	2.592	2.204	0.4
24-Sep-2003	C	1,500	99.948	2.689	2.027	1.1

Auction Date	Term	Issue amount	Average price	Average yield	Bid coverage	Tail

	(months)	($ millions)	($)	(%)		(basis points)
7-Oct-2003	12	2,000	97.401	2.676	2.080	0.4
7-Oct-2003	3	5,000	99.308	2.595	2.291	0.2
7-Oct-2003	6	2,000	98.710	2.620	2.076	0.5
21-Oct-2003	12	2,100	97.355	2.833	2.079	0.6
21-Oct-2003	3	5,300	99.293	2.651	2.049	0.6
21-Oct-2003	6	2,100	98.773	2.699	2.128	0.5
28-Oct-2003	C	500	99.942	2.634	1.718	1.6
4-Nov-2003	12	2,200	97.272	2.812	2.258	0.3
4-Nov-2003	3	5,600	99.290	2.665	1.839	0.7
4-Nov-2003	6	2,200	98.685	2.673	1.893	0.3
18-Nov-2003	12	2,300	97.264	2.933	1.826	1.7
18-Nov-2003	3	5,900	99.277	2.714	1.994	0.5
18-Nov-2003	6	2,300	98.740	2.773	1.885	1.1
19-Nov-2003	C	3,000	99.791	2.726	1.946	0.7
25-Nov-2003	C	2,000	99.693	2.680	2.107	0.9
26-Nov-2003	C	1,250	99.948	2.687	1.821	1.3
2-Dec-2003	12	2,100	97.229	2.858	2.222	0.7
2-Dec-2003	3	5,300	99.285	2.681	2.015	0.6
2-Dec-2003	6	2,100	98.667	2.710	2.180	0.5
16-Dec-2003	12	2,000	97.492	2.683	2.148	1.2
16-Dec-2003	3	5,000	99.296	2.641	2.484	0.3
16-Dec-2003	6	2,000	98.806	2.626	2.267	0.4
17-Dec-2003	C	1,500	99.868	2.688	1.921	0.6
29-Dec-2003	12	1,800	97.429	2.632	2.024	0.7
29-Dec-2003	3	4,400	99.295	2.590	2.028	0.7
29-Dec-2003	6	1,800	98.721	2.585	2.224	0.7
13-Jan-2004	12	1,600	97.661	2.498	2.398	0.4
13-Jan-2004	3	3,800	99.341	2.472	2.238	0.3
13-Jan-2004	6	1,600	98.883	2.468	2.376	0.2
27-Jan-2004	12	1,600	97.806	2.249	2.460	0.4
27-Jan-2004	3	3,800	99.397	2.260	2.502	0.4
27-Jan-2004	6	1,600	98.887	2.258	2.475	0.4
28-Jan-2004	C	1,000	99.967	2.443	1.778	0.6
10-Feb-2004	12	1,800	97.892	2.246	2.446	0.9
10-Feb-2004	3	4,400	99.404	2.233	2.329	0.3
10-Feb-2004	6	1,800	98.982	2.234	2.509	0.3
24-Feb-2004	12	2,000	97.880	2.172	2.348	0.3
24-Feb-2004	3	5,000	99.431	2.133	2.063	0.4
24-Feb-2004	6	2,000	98.943	2.142	2.068	0.6
9-Mar-2004	12	2,200	98.017	2.110	1.737	0.8
9-Mar-2004	3	5,600	99.439	2.100	2.124	0.4
9-Mar-2004	6	2,200	99.043	2.099	2.303	0.4
18-Mar-2004	C	1,200	99.917	2.158	2.130	1.9
23-Mar-2004	12	2,200	98.039	2.006	2.325	0.4
23-Mar-2004	3	5,600	99.474	1.990	2.181	0.3
23-Mar-2004	6	2,200	99.024	1.976	2.259	0.2
25-Mar-2004	C	2,500	99.917	2.158	1.588	2.2
29-Mar-2004	C	1,000	99.982	2.222	1.805	3.3
Total		261,950

Note: Coverage is defined as the ratio of total bids at auction to the amount auctioned. Tail is defined as the high accepted yield minus the average yield. ¹ Cash management bill. Source: Bank of Canada.

Reference Table VIII
Fiscal 2003–04 Canadian-Dollar Marketable Bond Program

Offering date	Delivery date	Maturity date	Maturing	Gross	Bond repurchase	Net


Fixed-coupon bonds
2003	2003			($ millions)
April 9	April 14	June 1, 2033		300	293	7
April 24	April 29	September 1, 2008		400	410	-10
May 7	May 12	June 1, 2013		2,400	154	2,246
May 14	May 16	June 1, 2005		400	319	81
	June 2	*	7,097			-7,097
May 28	June 2	September 1, 2008		2,300	500	1,800
June 11	June 13	December 1, 2005		2,700	700	2,000
June 19	June 25	June 1, 2013		600	418	182
July 9	July 14	June 1, 2033		1,600	301	1,299
July 16	July 21	September 1, 2008		400	441	-41
July 30	August 1	December 1, 2005		300	185	115
August 6	August 11	June 1, 2013		2,400	81	2,319
August 20	August 25	June 1, 2033		300	299	1
	September 2	*	7,480			-7,480
August 27	September 2	September 1, 2008		2,300	500	1,800
September 17	September 19	December 1, 2005		2,500	247	2,253
September 25	September 30	June 1, 2013		600	464	136
	October 1	*	452			-452
October 8	October 14	September 1, 2008		400	392	8
October 15	October 20	June 1, 2014		2,400	364	2,036
November 5	November 10	June 1, 2033		210	199	11
	December 1	*	8,358			-8,358
November 26	December 1	September 1, 2009		2,300	600	1,700
December 10	December 15	June 1, 2014		407	488	-81
December 17	December 19	June 1, 2006		3,500	414	3,086
2004	2004
January 14	January 19	June 1, 2033		1,500	105	1,395
January 21	January 26	September 1, 2009		400	473	-73
	February 2	*	929			-929
February 4,	February 9	June 1, 2014		2,300	354	1,946
February 11	February 13	June 1, 2006		138	100	38
February 18	February 23	September 1, 2009		2,200	155	2,045
February 25	March 1	June 1, 2033		300	289	11
March 10	March 12	June 1, 2006		3,500	696	2,804
March 17	March 22	June 1, 2014		361	221	140

Real return bonds
2003	2003
June 4	June 9	December 1, 2036		400
September 10	September 15	December 1, 2036		300
December 3	December 8	December 1, 2036		400
2004	2004
March 3	March 8	December 1, 2036		300		300
Total fiscal year 2003–04			24,317	40,816	10,162	6,337

* Maturing date. Source: Bank of Canada.

Reference Table IX
Fiscal 2003–04 Marketable Bond Auction Results

Auction date	Term	Maturity date	Coupon rate	Issue amount	Average price	Average yield	Auction coverage	Tail


	(years)		(%)	($ millions)	($)	(%)		(basis points)
7-May-2003	10	1-Jun-2013	5.25	2,400	102.558	4.924	2.52	0.4
28-May-2003	5	1-Sep-2008	4.25	2,300	101.243	3.984	2.60	0.6
4-Jun-2003	30	1-Dec-2036	3.00*	400	101.810	2.915	2.91
11-Jun-2003	2	1-Dec-2005	3.00	2,700	99.913	3.037	2.47	0.8
9-Jul-2003	30	1-Jun-2033	5.75	1,600	107.715	5.236	2.56	0.7
6-Aug-2003	10	1-Jun-2013	5.25	2,400	101.912	5.000	2.47	0.4
27-Aug-2003	5	1-Sep-2008	4.25	2,300	100.044	4.240	2.63	0.5
10-Sep-2003	30	1-Dec-2036	3.00*	300	98.239	3.085	2.69
17-Sep-2003	2	1-Dec-2005	3.00	2,500	99.612	3.183	2.60	0.3
15-Oct-2003	10	1-Jun-2014	5.00	2,400	99.615	5.048	2.36	0.5
26-Nov-2003	5	1-Sep-2009	4.25	2,300	99.607	4.329	2.59	0.6
3-Dec-2003	30	1-Dec-2036	3.00*	400	101.793	2.915	2.72
17-Dec-2003	2	1-Jun-2006	3.00	3,500	99.522	3.205	2.52	0.7
14-Jan-2004	30	1-Jun-2033	5.75	1,500	109.623	5.113	2.68	0.1
4-Feb-2004	10	1-Jun-2014	5.00	2,300	102.900	4.642	2.55	0.7
18-Feb-2004	5	1-Sep-2009	4.25	2,200	102.272	3.790	2.64	0.3
3-Mar-2004	30	1-Dec-2036	3.00*	300	111.177	2.498	3.09
10-Mar-2004	2	1-Jun-2006	3.00	3,500	101.152	2.463	2.35	0.2
Total				35,300

Note: Coverage is defined as the ratio of total bids at auction to the amount auctioned. Tail is defined as the high accepted yield minus the average yield. * Real return bonds. Source: Department of Finance.

Reference Table X
Outstanding Government of Canada Canadian-Dollar Marketable Bonds as at March 31, 2004

Maturity date	Amount	Coupon rate


	($ millions)	(%)
Fixed-coupon bonds
01-Jun-04	1,703	3.50
01-Jun-04	7,770	6.50
01-Jun-04	541	13.50
01-Sep-04	8,886	5.00
01-Oct-04	274	10.50
01-Dec-04	5,300	4.25
01-Dec-04	7,559	9.00
01-Mar-05	496	12.00
01-Jun-05	7,800	3.50
01-Sep-05	10,327	6.00
01-Sep-05	1,037	12.25
01-Dec-05	5,500	3.00
01-Dec-05	6,373	8.75
01-Mar-06	267	12.50
01-Jun-06	7,138	3.00
01-Sep-06	9,625	5.75
01-Oct-06	770	14.00
01-Dec-06	5,867	7.00
01-Mar-07	196	13.75
01-Jun-07	7,710	7.25
01-Sep-07	10,400	4.50
01-Oct-07	475	13.00
01-Mar-08	581	12.75
01-Jun-08	6,845	6.00
01-Jun-08	3,061	10.00
01-Sep-08	11,400	4.25
01-Oct-08	401	11.75
01-Mar-09	149	11.50
01-Jun-09	9,145	5.50
01-Jun-09	641	11.00
01-Sep-09	4,900	4.25
01-Oct-09	266	10.75
01-Mar-10	83	9.75
01-Jun-10	9,745	5.50
01-Jun-10	2,444	9.50

Maturity date	Amount	Coupon rate

	($ millions)	(%)
01-Oct-10	132	8.75
01-Mar-11	632	9.00
01-Jun-11	14,450	6.00
01-Jun-11	642	8.50
01-Jun-12	11,600	5.25
01-Jun-13	12,000	5.25
15-Mar-14	1,700	10.25
01-Jun-14	5,468	5.00
01-Jun-15	483	11.25
15-Mar-21	1,106	10.50
01-Jun-21	1,241	9.75
01-Jun-22	625	9.25
01-Jun-23	7,872	8.00
01-Jun-25	8,485	9.00
01-Jun-27	8,976	8.00
01-Jun-29	13,900	5.75
01-Jun-33	13,410	5.75
Total	258,397
Real return bonds
01-Dec-2021	5,175	4.25
01-Dec-2026	5,250	4.25
01-Dec-2031	5,800	4.00
01-Dec-2036	1,400	3.00
Total	17,625

Source: Bank of Canada.

Reference Table XI
Government of Canada Swaps Outstanding as at March 31, 2004


Maturity date	Coupon¹	Notional amount

	(%)	($ millions)
Domestic interest-rate swaps
Total		0

Maturity date	Coupon¹	Notional amount

	(%)	(US$ millions)
Foreign interest-rate swaps
19-Nov-2007	4.00	25
05-Nov-2008	5.25	200
05-Nov-2008	5.25	500
05-Nov-2008	5.25	500
Total		1,225
¹ Refers to the coupon of the underlying bond that was swapped.

Maturity date		Notional amount

		(US$ millions)
Cross-currency swaps of foreign obligations
26-Nov-2004		495
26-Nov-2004		341
30-Nov-2004		63
30-Nov-2004		25
22-Dec-2004		76
03-Oct-2007		319
31-Jan-2008		44
Total		1,363

Reference Table XI (cont’d)
Government of Canada Swaps Outstanding as at March 31, 2004

Maturity date	Notional amount	Currency paid


	(US$ millions)
Cross-currency swaps of domestic obligations
01-Jun-04	92.00	EUR
01-Jun-04	62.00	EUR
01-Jun-04	62.00	EUR
01-Jun-04	92.00	EUR
01-Jun-04	62.00	EUR
01-Jun-04	62.00	EUR
01-Jun-04	62.00	EUR
01-Jun-04	62.00	EUR
01-Jun-04	62.00	EUR
01-Jun-04	62.00	EUR
01-Jun-04	100.00	USD
01-Jun-04	50.00	USD
01-Jun-04	100.00	USD
01-Jun-04	50.00	USD
01-Jun-04	50.00	USD
01-Sep-04	62.00	EUR
01-Sep-04	69.00	EUR
01-Sep-04	62.00	EUR
01-Sep-04	62.00	EUR
01-Oct-04	62.00	EUR
01-Oct-04	50.00	USD
01-Oct-04	75.00	USD
01-Oct-04	111.00	USD
01-Oct-04	55.00	USD
23-Nov-04	100.00	USD
01-Dec-04	62.00	EUR
01-Dec-04	92.00	EUR
01-Mar-05	62.00	EUR
01-Mar-05	250.00	USD
01-Mar-05	65.00	USD
01-Mar-05	250.00	USD
01-Sep-05	62.00	EUR
01-Sep-05	62.00	EUR
01-Sep-05	37.00	EUR
01-Sep-05	37.00	EUR

Maturity date	Notional amount	Currency paid

	(US$ millions)
Cross-currency swaps of domestic obligations
01-Sep-05	62.00	EUR
01-Sep-05	92.00	EUR
01-Sep-05	92.00	EUR
01-Sep-05	92.00	EUR
01-Sep-05	92.00	EUR
01-Sep-05	92.00	EUR
01-Sep-05	100.00	USD
23-Nov-05	150.00	USD
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	92.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	62.00	EUR
01-Dec-05	92.00	EUR
01-Dec-05	82.00	EUR
01-Dec-05	50.00	USD
01-Dec-05	50.00	USD
01-Dec-05	50.00	USD
01-Dec-05	54.00	USD
01-Dec-05	500.00	USD
01-Mar-06	62.00	EUR
01-Mar-06	92.00	EUR
01-Mar-06	92.00	EUR

Maturity date	Notional amount	Currency paid

	(US$ millions)
Cross-currency swaps of domestic obligations
01-Mar-06	92.00	EUR
01-Mar-06	62.00	EUR
01-Mar-06	62.00	EUR
01-Mar-06	50.00	USD
01-Mar-06	54.00	USD
01-Sep-06	62.00	EUR
01-Oct-06	62.00	EUR
01-Oct-06	50.00	USD
01-Oct-06	50.00	USD
30-Oct-06	250.00	USD
11-Nov-06	150.00	USD
01-Dec-06	62.00	EUR
01-Dec-06	62.00	EUR
01-Dec-06	92.00	EUR
01-Dec-06	92.00	EUR
01-Dec-06	55.00	USD
01-Mar-07	31.00	EUR
01-Jun-07	62.00	EUR
01-Jun-07	62.00	EUR
01-Jun-07	123.00	EUR
01-Jun-07	62.00	EUR
01-Jun-07	250.00	USD
01-Jun-07	250.00	USD
01-Jun-07	250.00	USD
01-Oct-07	62.00	EUR
01-Oct-07	62.00	EUR
01-Oct-07	62.00	EUR
01-Oct-07	31.00	EUR
01-Mar-08	92.00	EUR
01-Mar-08	62.00	EUR
01-Mar-08	75.00	USD
01-Mar-08	100.00	USD
01-Mar-08	50.00	USD
01-Mar-08	200.00	USD
01-Mar-08	50.00	USD

Maturity date	Notional amount	Currency paid

	(US$ millions)
Cross-currency swaps of domestic obligations
01-Mar-08	50.00	USD
01-Jun-08	62.00	EUR
01-Jun-08	62.00	EUR
01-Jun-08	62.00	EUR
01-Jun-08	62.00	EUR
01-Jun-08	250.00	USD
01-Jun-08	100.00	USD
01-Jun-08	100.00	USD
01-Jun-08	100.00	USD
01-Jun-08	50.00	USD
01-Jun-08	100.00	USD
01-Jun-08	50.00	USD
01-Jun-08	50.00	USD
30-Sep-08	50.00	USD
01-Oct-08	92.00	EUR
01-Oct-08	92.00	EUR
01-Oct-08	62.00	EUR
01-Oct-08	62.00	EUR
01-Oct-08	70.00	USD
01-Oct-08	70.00	USD
01-Oct-08	50.00	USD
01-Mar-09	92.00	EUR
01-Mar-09	62.00	EUR
01-Mar-09	70.00	USD
01-Mar-09	65.00	USD
01-Mar-09	50.00	USD
01-Mar-09	75.00	USD
01-Mar-09	50.00	USD
01-Mar-09	50.00	USD
01-Mar-09	100.00	USD
01-Mar-09	75.00	USD
01-Jun-09	62.00	EUR
01-Jun-09	92.00	EUR
01-Jun-09	62.00	EUR
01-Jun-09	92.00	EUR

Maturity date	Notional amount	Currency paid

	(US$ millions)
Cross-currency swaps of domestic obligations
01-Jun-09	92.00	EUR
01-Jun-09	92.00	EUR
01-Jun-09	62.00	EUR
01-Jun-09	92.00	EUR
01-Jun-09	50.00	USD
01-Jun-09	70.00	USD
01-Jun-09	100.00	USD
01-Jun-09	50.00	USD
01-Jun-09	100.00	USD
01-Jun-09	70.00	USD
01-Jun-09	65.00	USD
01-Oct-09	123.00	EUR
01-Oct-09	62.00	EUR
01-Oct-09	62.00	EUR
01-Oct-09	62.00	EUR
01-Oct-09	62.00	EUR
01-Oct-09	62.00	EUR
01-Oct-09	92.00	EUR
01-Oct-09	62.00	EUR
01-Oct-09	62.00	EUR
01-Oct-09	62.00	EUR
01-Oct-09	62.00	EUR
01-Oct-09	62.00	EUR
01-Oct-09	62.00	EUR
01-Oct-09	62.00	EUR
01-Oct-09	92.00	EUR
01-Oct-09	81.00	USD
01-Oct-09	81.00	USD
01-Oct-09	70.00	USD
01-Oct-09	83.00	USD
01-Oct-09	75.00	USD
01-Mar-10	62.00	EUR
01-Mar-10	62.00	EUR

Maturity date	Notional amount	Currency paid

	(US$ millions)
Cross-currency swaps of domestic obligations
01-Mar-10	62.00	EUR
01-Mar-10	62.00	EUR
01-Mar-10	92.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	49.00	EUR
01-Jun-10	37.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	62.00	EUR
01-Jun-10	77.00	JPY
01-Oct-10	49.00	EUR
01-Oct-10	92.00	EUR
01-Oct-10	62.00	EUR
01-Oct-10	62.00	EUR
01-Oct-10	62.00	EUR
01-Oct-10	62.00	EUR
01-Oct-10	92.00	EUR
01-Oct-10	92.00	EUR
01-Oct-10	92.00	EUR
01-Oct-10	50.00	USD

Maturity date	Notional amount	Currency paid

	(US$ millions)
Cross-currency swaps of domestic obligations
01-Mar-11	75.00	USD
01-Mar-11	75.00	USD
01-Mar-11	75.00	USD
01-Mar-11	50.00	USD
01-Mar-11	50.00	USD
01-Jun-11	62.00	EUR
01-Jun-11	62.00	EUR
01-Jun-11	92.00	EUR
01-Jun-11	75.00	USD
01-Jun-11	50.00	USD
01-Jun-11	50.00	USD
01-Jun-11	50.00	USD
01-Jun-11	50.00	USD
01-Jun-11	50.00	USD
01-Jun-11	50.00	USD
01-Jun-11	50.00	USD
01-Jun-12	62.00	EUR
01-Jun-12	62.00	EUR
01-Jun-12	50.00	USD
01-Jun-12	50.00	USD
01-Jun-12	50.00	USD
01-Jun-12	50.00	USD
01-Jun-12	50.00	USD
01-Jun-12	50.00	USD
01-Jun-13	25.00	USD
01-Jun-13	25.00	USD
Total	17,405.00

Note: Numbers may not add due to rounding. Source: Department of Finance.

Reference Table XII
Bond Buyback Program—Operations in 2003–04

Buyback date	Maturity date	Coupon	Repurchased amount


		(%)	($ millions)
Buyback on cash basis
May 7, 2003	March 1, 2011	9.00	30
	March 15, 2014	10.25	11
	March 15, 2021	10.50	53
	June 1, 2021	9.75	27
	June 1, 2022	9.25	34
	Total		154
May 28, 2003	June 1, 2007	7.25	80
	October 1, 2007	13.00	4
	June 1, 2008	6.00	381
	October 1, 2008	11.75	3
	March 1, 2009	11.50	7
	June 1, 2009	5.50	15
	October 1, 2009	10.75	10
	Total		500
June 11, 2003	March 1, 2005	12.00	1
	September 1, 2005	6.00	276
	September 1, 2005	12.25	4
	March 1, 2006	12.50	2
	December 1, 2006	7.00	392
	June 1, 2007	7.25	25
	Total		700
July 9, 2003	March 15, 2021	10.50	10
	June 1, 2021	9.75	114
	June 1, 2022	9.25	50
	June 1, 2023	8.00	44
	June 1, 2025	9.00	24
	June 1, 2027	8.00	60
	Total		301

Buyback date	Maturity date	Coupon	Repurchased amount

		(%)	($ millions)
August 6, 2003	March 15, 2014	10.25	38
	March 15, 2021	10.50	35
	June 1, 2021	9.75	8
	Total		81
August 27, 2003	June 1, 2007	7.25	228
	June 1, 2008	6.00	265
	October 1, 2008	11.75	7
	Total		500
September 17, 2003	December 1, 2006	7.00	112
	June 1, 2007	7.25	135
	Total		247
October 15, 2003	March 1, 2010	9.75	4
	June 1, 2010	5.50	200
	June 1, 2011	6.00	25
	June 1, 2011	8.50	3
	March 15, 2014	10.25	27
	June 1, 2015	11.25	27
	March 15, 2021	10.50	13
	June 1, 2021	9.75	65
	Total		364
November 26, 2003	June 1, 2008	6.00	162
	October 1, 2008	11.75	3
	March 1, 2009	11.50	1
	June 1, 2009	5.50	145
	June 1, 2009	11.00	22
	October 1, 2009	10.75	1
	June 1, 2010	5.50	250
	June 1, 2010	9.50	16
	Total		600

Buyback date	Maturity date	Coupon	Repurchased amount

		(%)	($ millions)
December 17, 2003	September 1, 2005	6.00	147
	September 1, 2006	5.75	150
	October 1, 2006		14.00
	June 1, 2007	7.25	50
	October 1, 2007	13.00	5
	June 1, 2008	6.00	50
	June 1, 2008	10.00	11
	Total		414
January 14, 2004	March 15, 2021	10.50	2
	June 1, 2021	9.75	1
	June 1, 2022	9.25	2
	June 1, 2023	8.00	25
	June 1, 2025	9.00	5
	June 1, 2027	8.00	70
	Total		105
February 4, 2004	March 1, 2011	9.00	2
	June 1, 2011	6.00	50
	March 15, 2014	10.25	31
	June 1, 2015	11.25	21
	June 1, 2021	9.75	239
	June 1, 2022	9.25	10
	Total		354
February 18, 2004	March 1, 2008	12.75	2
	June 1, 2008	6.00	25
	June 1, 2008	10.00	32
	March 1, 2009	11.50	3
	June 1, 2009	5.50	75
	June 1, 2009	11.00	6
	March 1, 2010	9.75	2
	June 1, 2010	5.50	10
	Total		155

Buyback date	Maturity date	Coupon	Repurchased amount

		(%)	($ millions)
March 10, 2004	March 1, 2006	12.50	8
	September 1, 2006	5.75	225
	March 1, 2007	13.75	1
	June 1, 2007	7.25	200
	March 1, 2008	12.75	4
	June 1, 2008	6.00	216
	June 1, 2008	10.00	43
	Total		696
	Grand Total		5,170
Buyback on switch basis
April 9, 2003	March 15, 2021	10.50	2
	June 1, 2021	9.75	181
	June 1, 2022	9.25	71
	June 1, 2023	8.00	1
	June 1, 2025	9.00	31
	June 1, 2027	8.00	7
	Total		293
April 24, 2003	December 1, 2006	7.00	25
	March 1, 2007	13.75	8
	June 1, 2007	7.25	149
	March 1, 2008	12.75	8
	June 1, 2008	6.00	165
	June 1, 2008	10.00	7
	March 1, 2009	11.50	36
	October 1, 2009	10.75	12
	Total		410
May 14, 2003	September 1, 2005	6.00	120
	September 1, 2005	12.25	24
	December 1, 2005	8.75	175
	Total		319

Buyback date	Maturity date	Coupon	Repurchased amount

		(%)	($ millions)
June 19, 2003	March 1, 2011	9.00	14
	March 15, 2014	10.25	148
	June 1, 2015	11.25	256
	Total		418
July 16, 2003	December 1, 2006	7.00	125
	June 1, 2007	7.25	50
	June 1, 2008	6.00	265
	October 1, 2009	10.75	1
	Total		441
July 30, 2003	December 1, 2006	7.00	75
	June 1, 2007	7.25	110
	Total		185
August 20, 2003	March 15, 2021	10.50	75
	June 1, 2021	9.75	28
	June 1, 2022	9.25	25
	June 1, 2023	8.00	113
	June 1, 2025	9.00	58
	Total		299
September 25, 2003	June 1, 2010	5.50	100
	June 1, 2010	9.50	12
	March 1, 2011	9.00	6
	March 15, 2014	10.25	153
	June 1, 2015	11.25	166
	June 1, 2022	9.25	27
	Total		464
October 8, 2003	June 1, 2007	7.25	65
	March 1, 2008	12.75	30
	June 1, 2008	6.00	237
	June 1, 2008	10.00	4
	March 1, 2009	11.50	50
	October 1, 2009	10.75	6
	Total		392

Buyback date	Maturity date	Coupon	Repurchased amount

		(%)	($ millions)
November 5, 2003	March 15, 2021	10.50	6
	June 1, 2021	9.75	31
	June 1, 2022	9.25	27
	June 1, 2025	9.00	135
	Total		199
December 10, 2003	June 1, 2011	6.00	450
	June 1, 2011	8.50	20
	June 1, 2015	11.25	12
	June 1, 2021	9.75	4
	June 1, 2022	9.25	2
	Total		488
January 21, 2004	June 1, 2007	7.25	4
	June 1, 2008	6.00	419
	June 1, 2008	10.00	50
	Total		473
February 11, 2004	September 1, 2005	6.00	50
	June 1, 2008	10.00	50
	Total		100
February 25, 2004	June 1, 2021	9.75	64
	June 1, 2022	9.25	15
	June 1, 2027	8.00	210
	Total		289
March 17, 2004	June 1, 2010	5.50	25
	June 1, 2011	6.00	25
	June 1, 2011	8.50	4
	March 15, 2014	10.25	10
	March 15, 2021	10.50	70
	June 1, 2021	9.75	77
	June 1, 2022	9.25	11
	Total		221
	Grand Total		4,993

Buyback date	Maturity date	Coupon	Repurchased amount

		(%)	($ millions)
Cash management bond buyback
April 8, 2003	June 1, 2003	7.25	450
	September 1, 2003	5.25	100
	Total		550
April 22, 2003	June 1, 2003	7.25	69
	September 1, 2003	5.25	100
	December 1, 2003	5.00	101
	December 1, 2003	7.50	230
	Total		500
May 6, 2003	June 1, 2003	5.75	9
	June 1, 2003	7.25	3
	December 1, 2003	5.00	457
	December 1, 2003	7.50	31
	Total		500
June 3, 2003	December 1, 2003	5.00	300
	June 1, 2004	3.50	136
	June 1, 2004	6.50	64
	Total		500
June 17, 2003	December 1, 2003	5.00	500
	Total		500
July 2, 2003	December 1, 2003	5.00	1,000
	Total		1,000
July 15, 2003	September 1, 2003	5.25	450
	December 1, 2003	5.00	475
	June 1, 2004	3.50	50
	June 1, 2004	6.50	25
	Total		1,000

Buyback date	Maturity date	Coupon	Repurchased amount

		(%)	($ millions)
July 29, 2003	December 1, 2003	5.00	1,000
	Total		1,000
August 12, 2003	September 1, 2003	5.25	100
	December 1, 2003	5.00	900
	Total		1,000
September 9, 2003	December 1, 2003	5.00	210
	December 1, 2003	7.50	35
	June 1, 2004	3.50	150
	Total		395
September 23, 2003	December 1, 2003	5.00	205
	December 1, 2003	7.50	215
	Total		420
October 7, 2003	December 1, 2003	5.00	50
	Total		50
October 21, 2003	June 1, 2004	3.50	550
	September 1, 2004	5.00	450
	Total		1,000
November 4, 2003	December 1, 2003	5.00	315
	December 1, 2003	7.50	105
	June 1, 2004	3.50	15
	June 1, 2004	6.50	24
	Total		459
December 2, 2003	June 1, 2004	3.50	500
	September 1, 2004	5.00	350
	December 1, 2004	9.00	80
	Total		930

Buyback date	Maturity date	Coupon	Repurchased amount

		(%)	($ millions)
December 16, 2003	June 1, 2004	3.50	1,000
	Total		1,000
January 13, 2004	June 1, 2004	3.50	200
	Total		200
January 27, 2004	June 1, 2004	3.50	1,198
	June 1, 2004	6.50	2
	Total		1,200
February 10, 2004	June 1, 2004	3.50	937
	June 1, 2004	6.50	14
	September 1, 2004	5.00	163
	December 1, 2004	9.00	22
	Total		1,136
February 24, 2004	June 1, 2004	3.50	12
	September 1, 2004	5.00	228
	December 1, 2004	4.25	700
	December 1, 2004	9.00	39
	Total		979
March 9, 2004	June 1, 2004	3.50	50
	September 1, 2004	5.00	300
	December 1, 2004	4.25	500
	Total		850
March 23, 2004	June 1, 2004	3.50	500
	Total		500
	Grand Total		15,669

Source: Department of Finance.

Reference Table XIII
Canada Savings Bonds and Canada Premium Bonds, Fiscal 1983–84 to Fiscal 2003–04

Fiscal year	Gross sales	Net change	Outstanding at fiscal year end


		($ millions)
1983–84	11,584	5,650	38,403
1984–85	12,743	3,764	42,167
1985–86	15,107	2,440	44,607
1986–87	9,191	-22	44,585
1987–88	17,450	8,921	53,506
1988–89	14,962	-5,456	48,050
1989–90	9,338	-6,813	41,237
1990–91	6,720	-6,500	34,737
1991–92	9,588	1,151	35,888
1992–93	9,235	-1,172	34,716
1993–94	5,364	-3,089	31,627
1994–95	7,506	-96	31,531
1995–96	4,612	10	31,541
1996–97	5,747	2,050	33,591
1997–98	4,951	-2,796	30,795
1998–99	4,844	-2,187	28,608
1999–00	2,669	-1,510	27,098
2000–01	3,188	-531	26,567
2001–02	2,728	-2,283	24,284
2002–03	3,523	-1,406	22,878
2003–04	2,881	-1,350	21,528

Note: Figures are in accordance with Bank of Canada audited reports, which may vary from Public Accounts reports due to differences in classification. Source: Bank of Canada.

Reference Table XIV
Crown Corporation Borrowings as at March 31, 2004

Borrowings from the market Corporation	1997	1998	1999	2000	2001	2002	2003	2004


	($ millions)
Export Development Canada	7,820	10,077	12,967	16,888	18,406	20,481	20,375	17,178
Canadian Wheat Board¹	6,474	6,698	6,786	542	425	397	378	12
Business Development Bank of Canada	3,371	3,839	4,223	4,723	5,102	5,726	6,263	7,302
Farm Credit Canada	1,926	3,026	4,317	5,083	5,695	7,096	8,082	9,209
Canada Mortagage and Housing
Corporation	7,866	9,934	10,633	10,801	11,672	11,372	11,091	10,441
Petro-Canada Ltd.	432	443	471	338	0	0	0	0
Canada Ports Corporation	0	3	79	69	0	0	0	0
Canada Post Corporation	n/a	n/a	n/a	150	56	63	114	108
Other	226	258	222	46	44	40	39	45
Total	28,115	34,278	39,698	38,640	41,400	45,175	46,342	44,295

¹ Effective December 31, 1998, the Canadian Wheat Board (CWB) ceased to be an agent of Her Majesty and a Crown corporation under the Financial Administration Act. Borrowings subsequent to this date at March 31, 2004, as a non-agent are $6,140 million. Therefore, total borrowings of the CWB are $6,152 million ($12 million + $6,140 million).


Borrowings from the Consolidated Revenue Fund	1997	1998	1999	2000	2001	2002	2003	2004

	($ millions)
Canada Mortagage and Housing
Corporation	6,938	6,708	6,298	6,152	5,852	5,696	5,476	5,255
Canada Deposit Insurance Corporation	855	395	0	0	0	0	0	0
Farm Credit Canada	2,507	1,877	1,041	805	578	0	0	0
Other	204	179	551	77	84	104	38	62
Total	10,504	9,159	7,890	7,034	6,514	5,800	5,514	5,317

Note: Figures do not include "allowance for valuation." Source: Bank of Canada.

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