Operational Change to the Cash-Management Bond Buyback Program
In light of the significant size of some specific key maturity dates and comments received during the Debt Strategy Consultations 2010 – 11, the eligibility criteria for the inclusion of Government of Canada bonds in the cash-management bond buyback operations have been changed to:
- Government of Canada bonds with terms to maturity of up to 18 months on those dates where the total amount of maturing bonds is greater than $5 billion.
Accordingly, the document entitled Details on Bond Buyback Operations, posted on the Bank of Canada website, has been updated.
The change will be effective starting on 4 January 2010.
For further information, please contact:
Funds Management and Banking Department
Bank of Canada
Chief, Debt Management Policy
Financial Markets Division
Department of Finance