Ottawa, September 2, 2009
2009-081

Archived - Global Bond Issue Meets Government Goals

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The Department of Finance announced today the successful issue of the Government of Canada's first US-dollar global bond issue in 10 years.

The proceeds of the bond of US$3 billion will supplement Canada's foreign exchange reserves and meet foreign currency requirements to support current and anticipated lending by the International Monetary Fund.

The bond transaction achieved all of the objectives of the Government, including providing cost-effective and diversified funding for the foreign reserves held in the Exchange Fund Account. The investor base for the 5-year bond issue includes a wide range of central banks, other official institutions and foreign-based investment funds across a diverse geographical area.

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For further information, media may contact:

Jack Aubry
Media Relations
Department of Finance
613-996-8080

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