Ontario Bonds
- Secondary market liquidity with a wide range of offerings provide extensive investment and trading opportunities across the yield curve
- Ontario accounted for 67.7 per cent of Canadian provincial bond trading in 2022
- Attractive spreads provide opportunities for investors to achieve higher returns
- Benchmark Canadian provincial borrower
- Primary focus on Canadian dollar borrowing with likely issuance in U.S. dollars and Euro
Credit Ratings (Long-Term/Short-Term) | |
---|---|
Moody’s Investors Service | Aa3 (P) / P-1 |
Fitch | AA- / F1+ |
DBRS Morningstar | AA (low) (P) / R-1(mid) |
S&P | A+ (P) / A-1 |
February 29, 2024
Borrowing Program
2023–24 Borrowing Program
Total Long-Term Public Borrowing: | $33.6B |
---|---|
Borrowed as of | $41.8B |
Canadian Dollar Floating Rate Note $2.6B
Canadian Dollar Green Bonds
$3.0B
$3.0B
U.S. Dollar Bond $4.0B
Euro Bond $1.8B
Australian Dollar Bond $0.03B
Canadian Dollar Syndicated Bonds $30.4B
Note: Numbers may not add due to rounding.
Liquid Reserves
- Ensuring Ontario always has sufficient liquidity to meet its cashflow needs to continue to address any unforeseen economic or public health needs.
- As of February 28, 2024, liquid reserve levels were $47.0 billion.