Bank of Canada buys back C$500 million 2% bonds in repurchase auction

By Susanna Moon

Chicago, June 28 - Bank of Canada said it bought back C$500 million of Government of Canada 2% bonds due Sept. 1, 2012 in a repurchase auction on Tuesday.

The cutoff yield was 1.213%.

After settlement on Thursday, there will be C$16,775,000,000 of the bonds outstanding.

The bank also offered to repurchase 1% bonds due Sept. 1, 2011, 3.75% bonds due Sept. 1, 2011, 1.25% bonds due Dec. 1, 2011, 1.5% bonds due March 1, 2011, 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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