Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item |
Bank of Canada buys back C$500 million bonds in repurchase auction
By Susanna Moon
Chicago, Jan. 10 - Bank of Canada said it bought back C$500 million of Government of Canada bonds in a repurchase auction on Tuesday.
The government purchased C$8 million of 1.5% bonds due June 1, 2012, C$242 million of 1.75% bonds due March 1, 2013 and C$250 million of the 3.5% bonds due June 1, 2013.
The cut-off yield was 0.935% for the 1.5% bonds, 0.977% for the 1.75% bonds and 0.975% for the 3.5% bonds.
After settlement on Thursday, there will be outstanding C$3,515,225,000 of the 1.5% bonds, C$17,139,269,000 of the 1.75% bonds and C$12,424,337,000 of the 3.5% bonds.
The bank also offered to repurchase the 1.5% bonds due March 1, 2012, 3.75% bonds due June 1, 2012, 5.25% bonds due June 1, 2012, 2% bonds due Sept. 1, 2012, 1.5% bonds due Dec. 1, 2012 and 5.25% bonds due June 1, 2012. None of these bonds was 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.