The Canadian Press - ONLINE EDITION

Canada looking to issue more bonds with ultra-long, 50-year lifespan

  • Print

OTTAWA - The Canadian government says it may issue more bonds with an unusually long life-span, maturing in about 50 years on Dec. 1, 2064, if market conditions remain favourable.

The Finance Department said Wednesday the bonds would pay interest at an annual rate of 2.75 per cent and be sold through a syndicate, but it didn't say how much will be issued or when.

Canada first issued an ultra-long bond maturing Dec. 1, 2064 in April, when the government placed $1.5 billion with a yield of 2.96 per cent.

Ottawa wouldn't speculate on the demand for another issue of ultra-long bonds, but noted that, for in inaugural issue, the primary investors were fund managers, pensions and insurance companies.

The issuance of the ultra-long bonds reduces the government's refinancing risk.

Most of its long-term bonds have 10- and 30-year maturities when issued.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

How Winnipeg's slow growth saved the Exchange District

View more like this

Photo Store Gallery

  • A goose cools off Thursday in water at Omands Creek Park-See Bryksa 30 day goose challenge- Day 25– June 21, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • A black swallowtail butterfly land on Lantana flowers Sunday morning at the Assiniboine Park English Gardens- standup photo – August 14, 2011   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Do you think Judy Wasylycia-Leis will greatly benefit from the endorsement by Winnipeg's firefighters?

View Results

View Related Story

Ads by Google