By Susanna Moon
Chicago, April 20 - Bank of Canada said it priced C$3.5 billion of Government of Canada 2.75% notes due Sept. 1, 2016 in an auction on Wednesday.
The average yield was 2.759%, and the average price was 99.958.
Bids were received for C$8,146,100,000 of notes, C$44.1 million of which were non-competitive.
The bank bought C$525 million of the notes.
| Issuer: | Bank of Canada
|
| Issue: | Government of Canada notes
|
| Amount: | C$3.5 billion
|
| Maturity: | Sept. 1, 2016
|
| Coupon: | 2.75%
|
| Average price: | 99.958
|
| Average yield: | 2.759%
|
| Pricing date: | April 20
|
| Settlement date: | April 26
|
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