Canada issues 1st U.S.-dollar global bond since 2015

Reuters TORONTO (Reuters) — The government of Canada issued $3 billion of a U.S. dollar-denominated five-year global bond at a spread of 9 basis points over U.S. Treasuries, a government spokesman said on Tuesday.

It was the first issue by Canada’s government of a U.S. dollar global bond, which is sold in several countries at the same time, since March 2015.

The coupon on the bond, which matures in November 2022, was set at 2 percent and the yield to maturity at issue was 2.066 percent, the spokesman said by email.

The funds will be used “to supplement and diversify Canada’s foreign exchange reserves,” a press release by Canada’s Department of Finance said.Speech

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