Capital Markets Activity
The B.C. government meets borrowing requirements through a number of different financing programs, in different markets and currencies, across the maturity spectrum, and in fixed and floating form. This reflects the wide variety of demand for B.C. debt and the different funding requirements of the Province's clients. Investors in B.C. bonds are largely institutions such as central banks, pension funds and insurance companies.
British Columbia's borrowing requirements are met primarily through bond issuance in the domestic capital market, and secondarily in international markets. The proportions can change in any given year depending on investor demand and market dynamics.
Borrowing sources are diversified to cultivate strong domestic and international investor demand for British Columbia debt securities. Strong demand helps minimize financing costs. By diversifying its borrowing sources away from the traditional domestic market, British Columbia is able to tap international demand for its debt securities.
A broad investor base is also important, given the increased competition for funding and the need for multiple funding sources during periods of difficult and volatile capital markets.
The table of issues outstanding can be filtered and sorted by fiscal year or by market. Some issues have offering circulars available. The table includes data on:
- Domestic issues outstanding
- Canada Pension Plan issues outstanding
- Australian issues outstanding
- Euro issues outstanding
- Global issues outstanding
- Yankee bonds outstanding