Amadeusz Juskowiak

Canada prices 12 billion dlr bond issue

The finance department announced the new 12 billion dlr fourpart bond issue to be dated March 15 and delivered March 16 will be priced as follows

8 pct bonds due July 1 1990 at a price of 10030 pct todmpBw about 789 pct to maturity

814 pct bonds due March 1 1994 at a price of 10025 pct to yield about 820 pct to maturity

814 pct bonds due March 1 1997 at a price of 9950 pct to yield about 832 pct to maturity

812 pct bonds due June 1 2011 at a price of 98625 pct to yield about 863 pct to maturity

The 2011 maturity will be issued to a maximum of 375 mln dlrs

The Bank of Canada will buy 100 mln dlrs of the new issue including a minimum of 10 mln dlrs of the 2011 maturity

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