Bank of Canada buys back C$113 million bonds in repurchase auction

By Susanna Moon

Chicago, Nov. 16 - Bank of Canada said it bought back C$113 million of Government of Canada bonds in a repurchase auction on Wednesday.

The government purchased C$10 million of 8% bonds due June 1, 2023, C$35 million of 5.75% bonds due June 1, 2029 and C$68 million of 5.75% bonds due June 1, 2033.

The cut-off yield was 2.240% for the 8% bonds, 2.590% for the 5.75% bonds due 2029 and 2.708% for the 5.75% bonds due 2033.

After settlement on Monday, there will be outstanding C$2,705,748,000 of the 8% bonds, C$12,560,469,000 of the 5.75% bonds due 2029 and C$13,342,295,000 of the 5.75% bonds due 2033.

The bank also offered to repurchase the 9% bonds due June 1, 2025 and the 8% bonds due June 1, 2027. None of these bonds were repurchased.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.