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Investor Relations Newfoundland and Labrador

Debt Portfolio and History

Government of Newfoundland and Labrador Debt


Debt Portfolio (as of March 31, 2017)

$ (millions)%
Canadian Dollar Public Debentures9,157.978.7%
Canadian Dollar Non-Public Debt1306.12.6%
U.S. Dollar Debentures (CAD)21,396.512.0%
Canadian Dollar Treasury Bills:
91 day Treasury Bills Outstanding780.06.7%
Gross Debentures and Treasury Bills Outstanding:11,640.5100.0%

1Debentures issued to the Canada Pension Plan Investment Board
2Converted to Canadian dollars using the March 31, 2017 exchange rate of 1.3299


A chart appears below which displays the breakdown of the province's current debt portfolio graphically. The table to the left also displays this information.

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A chart appears below which displays the difference between gross and net debt amounts that mature in each given year. The net is the gross minus sinking funds.

The above information depicts borrowing only for the Government of Newfoundland and Labrador. It does not include borrowings of the government business enterprises, agencies or boards.

Province of Newfoundland and Labrador Debt

Total Provincial Gross Long-Term Debt
As of March 31, 2017

Issuer Currency Issue Date Coupon Rate Maturity  Principal (CA$M)
GovNL (CAD) CAD 1991-2016 1.13-10.95% 2019-2048 $9,158
GovNL (USD*) USD* 1989-1993 7.32-10.00% 2019-2023 $1,397
GovNL (CPP) CAD 1999-2006 Various 2019-2026 $306
Nalcor (NL Hydro) CAD 1992-2014 3.60-10.25% 2016-2045 $1,375
Nalcor (LCP) CAD 2013 3.63-3.86% 2029-2053 $5,000
TOTAL $17,236

Historical Borrowing

Government of Newfoundland and Labrador
Historical Borrowing
2006-07 to 2016-17

Fiscal YearAmountCurrencyTerm*
2016-17$2.9 BillionCAD22.2 Years
2015-16$2.4 BillionCAD14.4 Years
2014-15$500 MillionCAD10 Years
2013-14nil
2012-13nil
2011-12nil
2010-11nil
2009-10nil
2008-09nil
2007-08$650 MillionCAD33 Years
2006-07$350 MillionCAD30 Years
2005-06nil
2004-05$600 MillionCAD20.5 Years
* The term is the weighted average term of new borrowings.

The above information depicts borrowing only for the Government of Newfoundland and Labrador. It does not include borrowings of the government business enterprises, agencies or boards.