Domestic

Syndicated Public Bonds (Domestic Bonds)

This program was used for large size financings in Canada. This program has been discontinued and superceded by the Domestic Debt Issuance Program (DDIP). The province would agree to sell a specified amount of marketable bonds to a syndicate of underwriters, which then marketed the bonds to investors. Syndicate members were selected according to a number of criteria such as market distribution capabilities and track record, previous service, reputation and pricing. A separate syndicate was established for each issue. Bonds were:

• issued in Canadian dollars
• documented under British Columbia law
• settled through The Canadian Depository for Securities Limited (CDS)
• typically issued in sizes up to $500 million Canadian dollars

View Domestic Issues

View DDIP Description