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)
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