Bank of Canada buys back C$7.63 million bonds in repurchase auction

By Jennifer Chiou

New York, Nov. 30 - Bank of Canada said it bought back C$7,631,000 of Government of Canada 3.75% bonds due Sept. 1, 2011 in a Tuesday repurchase auction.

The cutoff yield was 1.277%.

Following settlement on Dec. 2, there will be C$6,586,931,000 of the bonds outstanding.

The government also offered to repurchase its C$5,622,644,000 of 1.25% bonds due June 1, 2011, C$9,309,869,000 of 6% bonds due June 1, 2011, C$606,151,000 of 8.5% bonds due June 1, 2014, C$7,515,895,000 of 1% bonds due Sept. 1, 2011 and C$8,885,405,000 of 1.25% bonds due Dec. 1, 2011. None of these bonds was repurchased.

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