Bank of Canada buys back C$193.49 million bonds in repurchase auction

By Susanna Moon

Chicago, Feb. 22 - Bank of Canada said it bought back C$193,493,000 of bonds in a Tuesday repurchase auction.

The government purchased C$93,493,000 of 1.25% bonds due June 1, 2011 and C$100 million of 1% bonds due Sept. 1, 2011.

The cutoff yield was 0.990% for the 1.25% bonds due June 2011 and 1.147% for the 1% bonds.

After settlement on Feb. 24, there will be C$4,240,392,000 of the 1.25% bonds and C$6,820,118,000 of the 1.5% bonds.

The government also offered to repurchase the 6% bonds due June 1, 2011, 8.5% bonds due June 1, 2011, 3.75% bonds due Sept. 1, 2011, 1.25% bonds due Dec. 1, 2011, 1.5% bonds due March 1, 2012, 1.5% bonds due June 1, 2012, 3.75% bonds due June 1, 2012 and 5.25% bonds due June 1, 2012. None of these bonds was repurchased.

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