Borrowing is undertaken in different currencies and markets, and offered in fixed and floating rate form. This diversity reflects the differing purposes and client needs for which funds are required.
Borrowing sources are diversified to cultivate strong domestic and international investor demand for British Columbia debt securities. Strong demand helps minimize financing costs for the government. A broad investor base is also important, given the increased competition for funding and the need for multiple funding sources in the face of sometimes difficult and volatile capital markets.
Most of the government’s foreign currency exposure can be effectively offset through various financial instruments including currency swaps. The government also uses derivative products for hedging interest rate risks associated with the existing debt portfolio and new borrowings
British Columbia Debt Picture includes:
Net Debt Maturities
Gross Market Debt Outstanding by Source
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