By Susanna Moon
Chicago, April 12 - Bank of Canada said it priced C$13.5 billion of Government of Canada Treasury bills in an auction on Tuesday. Settlement will occur on Thursday.
The bank sold C$7.7 billion more bills due July 21, 2011, bringing the total deal size to C$12.4 billion. The average yield was 0.965%, and the average price was 99.74157.
The bank also sold C$2.9 billion bills due Oct. 13, 2011 with an average yield of 1.143% and average price of 99.43330, and it sold C$2.9 billion bills due April 12, 2012 with an average yield of 1.466% and average price of 98.55908.
Bids were received for C$17,517,100,000 of bills due July 21, 2011, C$32.1 million of which were non-competitive; C$6,254,100,000 of bills due Oct. 13, 2011, C$24.1 million of which were non-competitive; and C$8,097,000,000 of bills due April 12, 2012, C$22 million of which were non-competitive.
The bank purchased C$600 million of the bills due July 21, 2011, C$300 million of the bills due Oct. 13, 2011 and C$300 million of the bills due April 12, 2012.
Issuer: | Bank of Canada
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Issue: | Government of Canada Treasury bills
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Pricing date: | April 12
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Settlement date: | April 14
|
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Series 1
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Amount: | C$7.7 billion add-on
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Maturity: | July 21, 2011
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Average price: | 99.74157
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Average yield: | 0.965%
|
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Series 2
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Amount: | C$2.9 billion
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Maturity: | Oct. 13, 2011
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Average price: | 99.43330
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Average yield: | 1.143%
|
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Series 3
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Amount: | C$2.9 billion
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Maturity: | April 12, 2012
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Average price: | 98.55908
|
Average yield: | 1.466%
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