Ottawa, February 8, 2012
Archived - Government of Canada Successfully Issues Global Bond
The Department of Finance announced today the successful issuance of a US-dollar global bond.
The proceeds of the US$3-billion bond will supplement and diversify Canada's foreign exchange reserves.
This was the Government's third foreign currency bond issue in recent years, following a 10-year 2-billion euro global bond issuance in 2010 and a 5-year US$3-billion global bond issuance in 2009.
This 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 bond issuance includes a wide range of central banks, other official institutions and foreign-based investment funds across a diverse geographical area.
For further information, media may contact:
Mary Ann Dewey-Plante
Office of the Minister of Finance
Department of Finance
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