Published on 2/23/2011 in the Prospect News Canadian Bonds Daily.
New Issue: Canada sells C$400 million more 1.5% bonds due 2044 to yield 1.34%
By Susanna Moon
Chicago, Feb. 23 - Bank of Canada said it priced another C$400 million of 1.5% Government of Canada real return bonds due Dec. 1, 2044 in an auction Wednesday, bringing the total deal size to C$2.2 billion.
The average yield was 1.34%, and the average price was 104.332.
Bids were received for C$1.04 billion of bonds, C$51.1 million of which were non-competitive.
Issuer: | Bank of Canada
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Issue: | Government of Canada real return bonds
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Amount: | C$400 million add-on
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Maturity: | Dec. 1, 2044
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Coupon: | 1.5%
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Average price: | 104.332
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Average yield: | 1.34%
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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