Archived - Canada Issues More Ultra-Long Bonds

Archived information

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.

November 20, 2014 – Ottawa, Ontario– Department of Finance

Finance Minister Joe Oliver today announced that the Government of Canada successfully issued $1.0 billion in 50-year bonds. This is in addition to the $2.5 billion in 50-year bonds currently outstanding.

The additional issuance of bonds in the ultra-long sector is in line with the commitment the Government made in Economic Action Plan 2012 to reallocate short-term bond issuance towards long-term bonds to help reduce refinancing risk and to lock in low funding costs for Canadian taxpayers.

Quick Facts

  • This is the Government’s third issuance of ultra-long bonds this fiscal year.
  • Maturing on December 1, 2064, and with a yield of 2.575 per cent, the Government doubled its minimum size of $500 million for the transaction.
  • Canada received exceptionally strong demand from both domestic and international investors, with 36 individual accounts across most investor types participating in the issue.
  • With the addition of $1.0 billion in issuance today, the Government has now issued a total of $3.5 billion in 50-year bonds.
  • Locking in additional low-cost funding for 50 years benefits Canadian taxpayers and reduces the Government’s refinancing risk, which is consistent with the key objectives of the medium-term debt strategy.


"I am pleased to announce another successful reopening of Canada's 50-year long-term bond. With this transaction, the Government continues to deliver on its commitment to secure low-cost funding for Canadians. We have also seen growing diversity in our investor base, which is a testament to Canada's strong economic and fiscal position and to the flexibility and options associated with Canada's debt securities program."

- Joe Oliver, Minister of Finance

Associated Links

Media Contacts

Nicholas Bergamini
Press Secretary
Office of the Minister of Finance

Stéphanie Rubec
Media Relations
Department of Finance

Stay Connected