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Investor Relations Newfoundland and Labrador

Debt Portfolio and History

Government of Newfoundland and Labrador Debt


Debt Portfolio1
As of March 31, 2018

$ (millions)%
Canadian Dollar Public Debentures10,332.980.9%
Canadian Dollar Non-Public Debt2306.12.4%
U.S. Dollar Debentures (CAD)31,353.910.6%
Canadian Dollar Treasury Bills:
91 day Treasury Bills Outstanding780.06.1%
Gross Debentures and Treasury Bills Outstanding:12,772.9100.0%

1Does not include debt issued on behalf of or directly by government business enterprises, agencies or boards.
2Debentures issued to the Canada Pension Plan Investment Board.
3Converted to Canadian dollars using March 31, 2018 closing exchange rate of 1.2894.


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.

Includes borrowings of the Government of Newfoundland and Labrador and on behalf of Newfoundland and Labrador Hydro. Does not include other direct borrowings of government business enterprises, agencies or boards.

Province of Newfoundland and Labrador Debt

Total Provincial Gross Long-Term Debt
As of March 31, 2018

Issuer Currency Issue Date Coupon Rate Maturity Amount (CAD $M)
GovNL (CAD) CAD 1991-2018 1.13-10.95% 2019-2048 $10,333
GovNL (USD) USD1 1989-1993 7.32-10.00% 2019-2023 $1,354
GovNL (CPP) CAD 1999-2006 Various 2019-2026 $306
Nalcor (NL Hydro) CAD 1996-2018 3.60-8.40% 2026-2048 $1,825
Nalcor (LCP) CAD 2013/2017 1.14-3.86% 2020-2057 $7,900
TOTAL $21,718

1Converted to Canadian dollars using March 31, 2018 closing exchange rate of 1.2894.

The above information includes borrowings of the Government of Newfoundland and Labrador and does not include borrowings of or on behalf of government business enterprises, agencies or boards, unless indicated.

Historical Borrowing

Government of Newfoundland and Labrador
Historical Borrowing
2006-07 to 2017-18

Fiscal YearAmountCurrencyTerm1
2017-18$1.2 BillionCAD7.4 Years
2016-17$2.9 BillionCAD22.2 Years
2015-16$2.4 BillionCAD14.4 Years
2014-15$500 MillionCAD10 Years
2013-14---
2012-13---
2011-12---
2010-11---
2009-10---
2008-09---
2007-08$650 MillionCAD33 Years
2006-07$350 MillionCAD30 Years
2005-06---
2004-05$600 MillionCAD20.5 Years

1 Weighted average term of new borrowings.

The above information includes borrowings of the Government of Newfoundland and Labrador and does not include borrowings of or on behalf of government business enterprises, agencies or boards, unless indicated.