Alberta Turns to Century Bonds to Raise Money in Market Rout
Alberta’s 100-year bond transaction was arranged by Bank of Nova Scotia.
Photographer: Leah Hennel/BloombergThis article is for subscribers only.
Alberta, the province that produces most of Canada’s oil, sold C$300 million ($207 million) in 100-year bonds in a private placement, according to people familiar with the matter.
The debt will mature on June 1, 2120, and will have a 3.06% coupon, according to Bloomberg data. The notes were priced to yield 183 basis points over Canadian government bonds due December 2048.