CEO's Video – 2021 Ontario Budget
Borrowing Program
2021–22 Borrowing Program
| Total Long-Term Public Borrowing: | $53.9B |
|---|---|
| Borrowed as of | $16.1B |
Euro Bond $1.5B
Swiss Franc Bond $0.3B
U.S. Dollar Bond $3.8B
Canadian Dollar Syndicated Bonds $10.5B
Note: Numbers may not add due to rounding.
Ontario Bonds
- Secondary market liquidity with a wide range of offerings provide extensive investment and trading opportunities across the yield curve
- Ontario accounted for 65.4 per cent of Canadian provincial bond trading in 2020
- 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 |
June 1, 2021
April 7, 2021
Liquidity and Short-Term Borrowing Capacity
- Ensuring Ontario always has sufficient liquidity to meet its cashflow needs to continue to address any unforeseen economic or public health needs.
- As of June 14, 2021, liquid reserve levels were $44.4 billion.
