Ontario Bonds
- Secondary market liquidity with a wide range of offerings provide extensive investment and trading opportunities across the yield curve
- Ontario accounted for 69.4 per cent of Canadian provincial bond trading in 2023
- 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) | |
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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 |
April 16, 2024
Foreign Denominated Bonds
- 10-year 1.5 Billion USD Global Benchmark Issue (PDF) – NEW!
March 26, 2024
2024 Ontario Budget
Borrowing Program
2024–25 Borrowing Program
Total Long-Term Public Borrowing: | $37.5B |
---|---|
Borrowed as of | $5.7B |
U.S. Dollar Bond $2.1B
Canadian Dollar Syndicated Bonds $3.6B
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 April 15, 2024, liquid reserve levels were $39.2 billion.