Ottawa, January 8, 2010
Archived - Canada concludes €2-billion global bond issue
Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.
The Department of Finance announced today the successful conclusion of the Government of Canada’s first euro-denominated global bond issue.
The 10-year bond issue raised €2 billion, equivalent to about US$2.9 billion at current exchange rates. The proceeds will be used exclusively to supplement and diversify funding for Canada’s foreign exchange reserves, rather than to finance public debt or spending.
The bond transaction achieved all of the Government’s objectives, including providing cost-effective and diversified funding for the foreign reserves held in the Exchange Fund Account. The investor base for the 10-year bond issue includes more than 200 investors from a wide range of central banks, other official institutions, commercial banks and foreign-based investment funds across a diverse geographical area.
For further information, media may contact:
Office of the Minister of Finance
Department of Finance
To receive e-mail notification of all news releases, please register at www.fin.gc.ca/scripts/register-eng.asp