By Paul Vieira
OTTAWA-Canada raised roughly $3 billion through a U.S.-dollar denominated global bond that was issued this week, an official said.
The bond has a five-year term, and was priced 10 basis points above the yield on comparable government of Canada debt, the official said. The yield on a five-year Canada government bond closed Tuesday at 3.792%.
The official said final details on the bond issue were expected to emerge later Wednesday, and the numbers provided could be subject to change.
Earlier this week, Canada's Department of Finance signaled its intent to issue the U.S.-dollar denominated global bond, which it said would help ensure its foreign reserves are at or above 3% of the country's nominal gross domestic product. Canada last issued a U.S.-dollar-denominated bond about a year ago, raising $4 billion.
Write to Paul Vieira at paul.vieira@wsj.com
(END) Dow Jones Newswires
04-24-24 0938ET
