Pilot Repurchase Operation Call for Tenders
The following pilot repurchase operation will be conducted by the Bank of Canada on behalf of the Government of Canada, subject to the "Standard Terms for Repurchase Operations of Government of Canada Marketable Bonds."
|Pilot Repurchase Date||1 December 1998|
|Settlement Date||4 December 1998|
|Offering Deadline||12:30 E.T.|
|Maximum Total Repurchase||$500,000,000|
|Type of Operation||Multiple Yield|
|Maturity Date||Coupon Rate||Outstanding Prior
|15 December 2002||11.25%||$1,625,000,000||CA135087-KY91|
|1 February 2003||11.600||$2,700,000,000||CA135087-KZ66|
|1 October 2003||9.50%||$670,500,000||CA135087-KC71|
|1 February 2004||10.25%||$2,200,000,000||CA135087-KN37|
|1 June 2004||13.50%||$550,000,000||CA135087-PK43|
Note to Government Securities Distributors:
The official offer form Competitive Tender for Repurchase Operations of Government of Canada Marketable Bonds and the Standard Terms for Repurchase Operations of Government of Canada Marketable Bonds are available on the Bank of Canada Web site.