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 looking for Joshua Roberts and Todd Barry for an assault on Crestview Avenue
Junction Trail Blazers Snowmobile group hosting 'King of the Humber" race in Deer Lake tomorrow
Massey Drive's "Winterfest" is back with lots of family fun this weekend
Robinsons resident says "no work done yet to the bridge that collapsed Tuesday night, detour still in place"
York Harbour councillor springs into action to help during this week's heavy rain, says roads are hazardous
