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Government of Canada issues its first ultra-long bond

Today, the Government of Canada announced that it successfully issued $1,500 million in 50-year bonds through the syndication process.

Government of Canada 2.75% Bonds due 1 December 2064

Term of Transaction

Amount: 1,500,000,000
Pricing Date: 28 April 2014
Settlement Date: 1 May 2014
Maturity Date: 1 December 2064
Coupon: 2.75%
Yield: 2.96%
Price: 94.512
ISIN: CA135087C939

Joint Lead Managers:    BMO Nesbitt Burns Inc., CIBC World Markets Inc., Desjardins Securities Inc., and The Toronto-Dominion Bank

Co-Managers:   Casgrain & Company Limited, Deutsche Bank Securities Limited, HSBC Securities (Canada) Inc., Laurentian Bank Securities Inc., Merrill Lynch Canada Inc., National Bank Financial Inc., RBC Dominion Securities Inc., and Scotia Capital Inc.       

For further information please contact:

Assistant Director
Funds Management and Banking Department
Bank of Canada
613 782-7836

Financial Markets Division
Department of Finance
613 992-6116


Bank of Canada
613 782-8782

Content Type(s): Press, Market notices