Newsrelease

December 9, 1997
Edmonton, Alberta

Alberta Government borrowing

The Alberta Government borrowed $390 million today in the Canadian bond market. This 18 ¾ year amortizing debenture issue has a coupon interest rate of 5.93 per cent. The proceeds will be lent to the Alberta Social Housing Corporation and, in accordance with the current Heritage Fund Business Plan, will be used by the corporation for early repayment of debentures previously issued to the Heritage Fund.

For further information, please contact:

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

Return to: Alberta Treasury News Releases - | - Alberta Treasury Home Page - | - Government of Alberta Home Page