The placement resulted in a cost savings of approximately $450,000 or five basis points versus what may have been achieved in the domestic market.
For the first time ever, the government of Newfoundland and Labrador has placed a bond in the European capital market. This is the first transaction with the London Stock Exchange since the launch of the European borrowing program which provided an option to issue bonds beyond the existing domestic Canadian market. The placement resulted in a cost savings of approximately $450,000 or five basis points versus what may have been achieved in the domestic market. This first transaction was placed on October 4th at a size of 50 million euros (75 million Canadian dollars). The yield is 3.067 per cent and is due December 4th, 2034. A sinking fund is attached for repayment to the investor when due.
Corner Brook RNC charge 2 drivers and pull 4 vehicles off the road in less than a 24-hour period
Corner Brook MHA Jim Parsons commits to hold government accountable on a promise of 50 new NLHC units
Bailey Jordan-Neil originally from Pasadena has been nominated for two East Coast Music Awards
Premier Wakeham says the books of Memorial University will not be balanced on the backs of students
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