Ontario Bonds
- Secondary market liquidity with a wide range of offerings provide extensive investment and trading opportunities across the yield curve
- Ontario accounted for 67.7 per cent of Canadian provincial bond trading in 2022
- Attractive spreads provide opportunities for investors to achieve higher returns
- Benchmark Canadian provincial borrower
- Primary focus on Canadian dollar borrowing with likely issuance in U.S. dollars and Euro
| Credit Ratings (Long-Term/Short-Term) | |
|---|---|
| Moody’s Investors Service | Aa3 / P-1 |
| Fitch | AA- / F1+ |
| DBRS Morningstar | AA (low) / R-1(mid) |
| S&P | A+ / A-1 |
March 23, 2023
2023 Ontario Budget (NEW!)
Borrowing Program
2022–23 Borrowing Program
| Total Long-Term Public Borrowing: | $32.1B |
|---|---|
| Borrowed as of | $32.1B |
Pound Sterling Bond
$0.8B
$0.8B
U.S. Dollar Bond $2.9B
Canadian Dollar Green Bonds*
$2.4B
$2.4B
Canadian Dollar Bond Auction $0.7B
Canadian Dollar Syndicated Bonds $25.4B
*Face Value $2.5 Billion
Note: Numbers may not add due to rounding.
Liquid Reserves
- Ensuring Ontario always has sufficient liquidity to meet its cashflow needs to continue to address any unforeseen economic or public health needs.
- As of March 22, 2023, liquid reserve levels were $43.1 billion.
