Newsrelease

February 6, 1997
Edmonton, Alberta

Government Borrowing

The Alberta Government borrowed $100 million Australian ($76 million U.S.) yesterday on the Eurobond market. This five year issue at a coupon rate of 7.00% was swapped into U.S. dollars and will be used to refinance maturing debt issues. This borrowing is a part of the government's borrowing program for fiscal 1996-97.

For further information, contact:

Trish Filevich
Director of Communications
Alberta Treasury
(780) 427-5364
webmaster@treas.gov.ab.ca

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