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Cash Management Bond Buyback Program Resuming

CANADA
(MNI) OTTAWA
  • Program manages cash flows ahead of large bond maturities, has no monetary policy impact
  • Operations resume Nov. 8, conducted weekly, BOC says in statement Tues
  • Buybacks will be between CAD500m and CAD2b
  • Eligible for repurchase: term to maturity of up to 18 months from buyback auction date; total amount of maturing bond is greater than $12 billion; total free float amount (amount not held by the Bank of Canada) of maturing bond is greater than CAD8b
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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