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 |
Borrowing Program
2023–24 Borrowing Program
| Total Long-Term Public Borrowing: | $27.5B |
|---|---|
| Borrowed as of | $13.4B |
Australian Dollar Bond $0.03B
Canadian Dollar Syndicated Bonds $13.4B
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 September 25, 2023, liquid reserve levels were $46.4 billion.
