Amadeusz Juskowiak

Canada launches 12 billion dlr bond issue

Canada will offer a 12 billion dlr fourpart bond issue tomorrow which will be dated March 15 and delivered March 16 the finance department said

The issue will consist of four maturities

8 pct bonds due July 1 1990

814 pct bonds due March 1 1994

814 pct bonds due March 1 1997

812 pct bonds due June 1 2011

The 2011 maturity will be issued to a maximum of 374 mln dlrs The Bank of Canada will buy 100 mln dlrs of the new issue including 10 mln dlrs of the 2011 maturity

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