Archived - Government of Canada Considering Issuing More Ultra-Long Bonds: July 2014

July 9, 2014 – Ottawa, Ontario – Department of Finance

The Government of Canada is considering issuing more ultra-long bonds, subject to favourable market conditions, through a reopening of the 2.75% Government of Canada bond maturing on December 1, 2064 using a syndicated process.

As first announced in the Debt Management Strategy for 2012–13, the issuance of bonds in the ultra-long sector would contribute to a reduction in refinancing risk at a low cost, in line with the key objectives of the medium-term debt strategy, which are to reduce interest rate and rollover risks.