Staff
The Government of Canada sold $1 billion in 50-year bonds on Thursday.
The bonds yield 2.76% and mature on Dec. 1, 2064.
The government says demand for the bonds was “exceptionally strong” from both domestic and international investors, with 35 individual accounts across most investor types participating in the issue.
The sale is in addition to the $1.5 billion 50-year bonds issued earlier this year.
“Today’s successful re-opening of the long-term bond is another example of how this government efficiently responds to market needs and benefits from its focused approach on fiscal prudence and sustainability,” says Finance Minister Joe Oliver.
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