Debt Management Report 2000-2001: 5

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Debt Management Report 2000-2001: 5
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Reference Table X
Outstanding Government of Canada Canadian-Dollar Marketable Bonds as at March 31, 2001

Maturity date	Amount	Coupon rate


	($ millions)	(%)
Fixed-coupon
01-May-2001	1,325	13.00
01-Jun-2001	5,350	4.50
01-Jun-2001	2,708	9.75
01-Sep-2001	10,600	7.00
01-Oct-2001	914	9.50
01-Dec-2001	7,000	5.25
01-Dec-2001	3,850	9.75
02-Feb-2002	213	8.75
15-Mar-2002	339	15.50
01-Apr-2002	5,450	8.50
01-May-2002	1,831	10.00
01-Jun-2002	7,200	5.75
15-Jul-2002	10,200	5.50
01-Sep-2002	7,100	6.00
01-Dec-2002	1,222	11.25
15-Dec-2002	2,094	11.75
01-Feb-2003	7,000	5.75
01-Jun-2003	6,900	7.25
01-Sep-2003	9,700	5.25
01-Oct-2003	559	9.50
01-Dec-2003	8,800	7.50
01-Feb-2004	1,882	10.25
01-Jun-2004	7,900	6.50
01-Jun-2004	541	13.50
01-Sep-2004	10,850	5.00
01-Oct-2004	586	10.50
01-Dec-2004	7,700	9.00
01-Mar-2005	1,057	12.00
01-Sep-2005	11,100	6.00
01-Sep-2005	1,065	12.25
01-Dec-2005	8,000	8.75
01-Mar-2006	626	12.50
01-Sep-2006	5,000	5.75

01-Oct-2006	958	14.00
01-Dec-2006	9,100	7.00
01-Mar-2007	319	13.75
01-Jun-2007	9,500	7.25
01-Oct-2007	611	13.00
01-Mar-2008	750	12.75
01-Jun-2008	9,200	6.00
01-Jun-2008	3,258	10.00
01-Oct-2008	628	11.75
01-Mar-2009	400	11.50
01-Jun-2009	9,400	5.50
01-Jun-2009	673	11.00
01-Oct-2009	756	10.75
01-Mar-2010	300	9.75
01-Jun-2010	10,400	5.50
01-Jun-2010	2,474	9.50
01-Oct-2010	184	8.75
01-Mar-2011	1,256	9.00
01-Jun-2011	10,100	6.00
01-Jun-2011	669	8.50
15-Mar-2014	3,125	10.25
01-Jun-2015	2,327	11.25
31-Dec-2019	25	10.19
15-Mar-2021	1,797	10.50
01-Jun-2021	4,435	9.75
01-Jun-2022	2,399	9.25
01-Jun-2023	8,200	8.00
01-Jun-2025	8,900	9.00
01-Jun-2027	9,600	8.00
01-Jun-2029	12,000	5.75
Total	280,406
Real return bonds
1-Dec-2021	5,175	4.25
1-Dec-2026	5,250	4.25
1-Dec-2031	3,050	4.00
Total¹	13,475

¹ Real return bond figures show gross issue amount only – the consumer price index adjustment is not shown here.
Source: Bank of Canada

Reference Table XI
Government of Canada Swaps Outstanding as at March 31, 2001


Domestic interest-rate swaps
Maturity date		Coupon¹	Notional amount

		(%)	($ millions)
01-Jun-2001		9.75	250
01-Feb-2004		10.25	50
Total			300

Foreign interest-rate swaps
Maturity date		Coupon¹	Notional amount
	(%)			(US$ millions)
19-Nov-2007		4.00	25
05-Nov-2008		5.25	200
05-Nov-2008		5.25	500
05-Nov-2008		5.25	500
Total			1,525


Cross-currency swaps of foreign obligations
Maturity date	Notional amount

	(US$ millions)
12-Jun-2001	26
16-Jul-2003	65
26-Nov-2004	495
26-Nov-2004		341
30-Nov-2004	63
22-Dec-2004	76
03-Oct-2007	319
31-Jan-2008	44
Total	1,454

Reference Table XI (cont’d)
Government of Canada Swaps Outstanding as at March 31, 2001

Cross-currency swaps of domestic obligations			Cross-currency swaps of domestic obligations

Maturity date	Notional amount	Currency paid	Maturity date	Notional amount	Currency paid

(US$ millions)			(US$ millions)
04-Sep-2001	1,000	USD	01-Sep-2005	100	USD
01-Apr-2002	50	USD	01-Sep-2005	150	EUR
01-May-2002	100	USD	23-Nov-2005	150	USD
01-Sep-2002	1,000	USD	01-Dec-2005	650	USD
01-Sep-2002	250	EUR	01-Dec-2005	200	EUR
28-Oct-2002	100	USD	01-Mar-2006	50	USD
15-Dec-2002	102	EUR	01-Mar-2006	96	EUR
15-Dec-2002	600	USD	01-Oct-2006	54	EUR
01-Feb-2003	52	EUR	01-Oct-2006	100	USD
01-Jun-2003	87	EUR	30-Oct-2006	250	USD
01-Jun-2003	125	USD	23-Nov-2006	150	USD
01-Sep-2003	105	EUR	01-Dec-2006	50	EUR
01-Sep-2003	150	USD	01-Mar-2007	24	EUR
01-Oct-2003	65	USD	01-Jun-2007	248	EUR
01-Oct-2003	182	EUR	01-Jun-2007	750	USD
30-Nov-2003	100	USD	01-Oct-2007	166	EUR
01-Dec-2003	156	EUR	01-Mar-2008	225	USD
01-Dec-2003	520	USD	01-Mar-2008	250	USD
01-Feb-2004	208	EUR	01-Jun-2008	800	USD
01-Feb-2004	525	USD	30-Sep-2008	50	USD
30-Mar-2004	100	USD	01-Oct-2008	190	USD
01-Jun-2004	350	USD	01-Mar-2009	535	USD
01-Jun-2004	564	EUR	01-Jun-2009	505	USD
01-Sep-2004	50	EUR	01-Oct-2009	440	EUR
01-Oct-2004	125	USD	1-Mar-2010	185	EUR
01-Oct-2004	212	EUR	01-Jun-2010	76	YEN
23-Nov-2004	100	USD	01-Jun-2010	540	EUR
01-Mar-2005	565	USD	01-Oct-2010	260	EUR
			Total	14,789

^{1 Refers to the coupon of the underlying bond that was swapped. Source: Department of Finance.}

Reference Table XII
Bond Buyback Program – Operations 2000-01

Buyback date	Maturity date	Coupon	Repurchased amount	Buyback date	Maturity date	Coupon	Repurchased amount


		(%)	($ millions)			(%)	($ millions)
04-May-2000	October 1, 2004	10.50	95	2-Nov-2000	February 1, 2004	10.25	95
	March 1, 2005	12.00	140		October 1, 2004	10.50	30
	September 1, 2005	12.25	15		March 1, 2005	12.00	116
	March 1, 2006	12.50	213		March 1, 2006	12.50	136
	Total		463		October 1, 2006	14.00	27
					March 1, 2007	13.75	6
					October 1, 2007	13.00	89
20-Jul-2000	October 1, 2010	8.75	57		Total		500
	March 1, 2011	9.00	433
	June 1, 2011	8.50	10	18-Jan-2001	March 1, 2001	10.50	8
	Total		500		June 1, 2001	4.50	240
					June 1, 2001	9.75	252
					Total		500
05-Oct-2000	March 15, 2021	10.50	3
	June 1, 2021	9.75	215	1-Feb-2001	October 1, 2008	11.75	17
	June 1, 2022	9.25	151		October 1, 2009	10.75	322
	Total		369		October 1, 2010	8.75	11
					March 1, 2011	9.00	103
					March 15, 2014	10.25	25
					June 1, 2015	11.25	23
					Total		500
				Total buyback program for 2000-2001			2,832

Source: Department of Finance.

Reference Table XIII
Canada Savings Bonds and Canada Premium Bonds, Fiscal 1983-1984 to Fiscal 2000-01

Fiscal year	Gross sales	Net change	Outstanding at fiscal year end


	($ millions)
1983-84	11,584	5,650	38,403
1984-85	12,743	3,764	42,167
1985-86	15,107	2,440	44,607
1986-87	9,191	-22	44,585
1987-88	17,450	8,921	53,506
1988-89	14,962	-5,456	48,050
1989-90	9,338	-6,813	41,237
1990-91	6,720	-6,500	34,737
1991-92	9,588	1,151	35,888
1992-93	9,235	-1,172	34,716
1993-94	5,364	-3,089	31,627
1994-95	7,506	-96	31,531
1995-96	4,612	10	31,541
1996-97	5,747	2,050	33,591
1997-98	4,951	-2,796	30,795
1998-99	4,844	-2,187	28,608
1999-00	2,669	-1,510	27,098
2000-01	3,188	-531	26,567

Note: Figures are in accordance with Bank of Canada audited reports, which may vary from Public Accounts reports due to differences in classification. Source: Bank of Canada.

Reference Table XIV
Crown Corporation Borrowings as at March 31, 2001

Borrowings from the market Corporation	1993	1994	1995	1996	1997	1998	1999	2000	2001


	($ millions)
Export Development Corporation	6,983	7,793	7,515	7,673	7,820	10,077	12,967	16,888	18,406
Canadian Wheat Board¹	6,966	7,283	7,321	6,377	6,474	6,698	6,786	542	425
Business Development Bank of Canada	2,352	2,602	2,723	3,045	3,371	3,839	4,223	4,723	5,102
Farm Credit Corporation	797	863	990	1,582	1,926	3,026	4,317	5,083	5,695
Canadian National¹	1,905	2,249	2,331	–	–	–	–	–
Canada Mortgage and Housing Corporation	152	1,573	3,630	5,906	7,866	9,934	10,633	10,801	11,672
Canada Development Investment Corporation	594	473	–	–	–	–	–	–	–
Petro-Canada Ltd.	455	501	504	490	432	443	471	338	–
Petro-Canada¹	–	–	–	–	–	–	–	–	–
Canada Ports Corporation	188	–	–	–	–	3	79	69	–
Other	97	239	235	297	226	258	222	196	100
Total	20,489	23,576	25,249	25,370	28,115	34,278	39,698	38,640	41,400

^{1 This corporation is no longer a Crown corporation. Source: Public Accounts of Canada.}

Borrowings from the Consolidated Revenue Fund
Corporation	1993	1994	1995	1996	1997	1998	1999	2000	2001

	($ millions)
Canada Mortgage and Housing Corporation	8,181	8,075	7,835	7,263	6,938	6,708	6,298	6,152	5,852
Canada Deposit Insurance Corporation	3,085	3,151	2,160	1,627	855	395	–	–	–
Farm Credit Corporation	2,420	2,488	2,524	2,310	2,507	1,877	1,041	805	578
Other	819	415	307	233	204	179	551	77	84
Total	14,505	14,129	12,826	11,433	10,504	9,159	7,890	7,034	6,514

Note: Figures do not include "allowance for valuation." Source: Public Works and Government Services Canada data.

¹Includes consumer price index (CPI) adjustment. [Return]

² Net debt-servicing cost is the following ratio: (Gross Public Debt Charges less Return on Investments)/(Total Interest-Bearing Debt less Financial Assets). [Return]

³ Certain assumptions need to be made regarding the composition of alternative portfolios. The general approach is to notionally transfer debt between marketable bonds and Treasury bills, implicitly assuming that any decision to operate with more or less fixed-rate debt would have been reflected by the stock of these two debt instruments. [Return]

⁴That is, the increase in debt-servicing costs net of the increased earnings on interest-bearing assets. The total impact on the budgetary balance would be about $1.1 billion higher when considering the decline in value of the foreign reserves that would occur. However, this loss is not realized unless the assets are sold prior to their maturity. [Return]

⁵ Under no changes in interest rates, a 62-per-cent fixed-rate share has a lower net debt-servicing cost of $100 million than the two-thirds structure. Under a 100-basis-point-shock a 62-per-cent fixed-rate share regime would increase by $1.1 billion above the two-thirds fixed-rate share at the no-change level. The total increase in net debt-servicing costs under a 62-per-cent fixed-rate structure would therefore be $1.1 billion. [Return]

⁶ Including $492 million in securities assumed by the Government of Canada on February 5, 2001, on the dissolution of Petro Canada Limited. [Return]

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		Last Updated: 2004-05-13			Important Notices