2012.07.03 21:34:23 Bank of Canada to Buy Back Up to C$500 Mln of Bonds July 10

By Satish Sarangarajan

The Bank of Canada will on July 10 conduct a repurchase operation on
behalf of the Government of Canada, for the repurchase of up to 500
million Canadian dollars (US$491.1 million) of Government of Canada
marketable bonds.

In a release posted on its website, the Bank of Canada said the
offering deadline is 11:15 a.m. EDT (1415 GMT) on that date.

It said the settlement date is July 12.

The repurchase operation will target the following Government of Canada bonds:

-the 2.00%, Sept. 1, 2012 bonds, of which there are C$9.28 billion outstanding;

-the 1.50%, Dec. 1, 2012 bonds, of which there are C$10.86 billion outstanding;

-the 1.75%, March 1, 2013 bonds, of which there are C$12.45 billion
outstanding;

-the 3.50%, June 1, 2013 bonds, of which there are C$9.31 billion outstanding;

-the 5.25%, June 1, 2013 bonds, of which there are C$8.65 billion outstanding;

-the 2.00%, Aug. 1, 2013 bonds, of which there are C$9.15 billion outstanding;

-the 2.50%, Sept. 1, 2013 bonds, of which there are C$8.90 billion outstanding.


Write to Satish Sarangarajan at satish.sarangarajan@dowjones.com


(END) Dow Jones Newswires

July 03, 2012 15:34 ET (19:34 GMT)