Canada
Canada issues US-dollar 3.5 billion global bond to strengthen foreign reserves
Ottawa/IBNS: A three-year US $3.5 billion global bond was issued by the Government of Canada last week to facilitate funds to supplement and diversify funding sources for the country’s liquid foreign reserves.
As a source of prudential liquidity, liquid foreign reserves promote orderly conditions for the Canadian dollar in foreign exchange markets.
The investor base for the three-year bond issued in line with the government’s commitment includes a wide range of central banks, international institutions, bank treasuries, and foreign-based investment funds.
(Reporting by Asha Bajaj)
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
