Last week, the provincial government updated their Term Debt Issues document, which lists all the term debt they still have outstanding.
It’s been 3 months since I last wrote about the Alberta government’s term debt, so I thought I’d write this brief update.
During that time, the UCP government traded 5 more term debts:
|Month||# of debts||Total debt|
Three of the new debts will mature in 2027, another matures in 10 years, and the final one matures in 30 years.
The interest rates on these 5 debts range from 2.05% to 3.1%.
However, the effective cost of debt (or the interest rate after tax deductions) is 1.157% for the two debts from last month (last week, actually), 1.157% for August’s debt, 1.467% for the 10-year debt traded in September, and 2.257% for the 30-year debt traded in September.
This new $2.7 billion brings the total term debt traded by the provincial government since the UCP were elected to $28.4 billion.