Bank of Canada buys back C$573.9 million notes in repurchase auction

By Susanna Moon

Chicago, March 29 - Bank of Canada said it bought back C$573.9 million of Government of Canada notes in a repurchase auction on Tuesday.

The government purchased C$306 million of 1.25% notes due June 1, 2011, C$12.9 million of the 5.25% notes due June 1, 2012, C$230 million of the 1.5% notes due March 1, 2012 and C$25 million of the 1.5% notes due June 1, 2012.

The cutoff yield was 0.92% for the 1.25% notes, 1.425% for the 5.25% notes, 1.32% for the 1.5% notes due March 1, 2012 and 1.43% for the 1.5% notes due March 1, 2012.

After settlement on March 31, there will be outstanding C$3,329,541,000 of the 1.25% notes, C$9,837,260,000 of the 5.25% notes, C$7,881,728,000 of the 1.5% notes and C$6,900,638,000 of the 1.5% notes due March 1, 2012.

The government also offered to repurchase the 6% notes due June 1, 2011, 8.5% notes due June 1, 2011, 1% notes due Sept. 1, 2011, 3.75% notes due Sept. 1, 2011, 1.25% notes due Dec. 1, 2011 and 3.75% notes due June 1, 2012. 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.