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Information about Alberta’s economic and financial activities, and useful data for financial markets, investors and stakeholders.
The Province's borrowing programs are managed by the Treasury and Risk Management (TRM) Division of Treasury Board and Finance.
The Province has several borrowing programs through the issuance of bonds and promissory notes in the domestic and international capital markets. TRM handles the Province’s cash management and use of financial derivatives to manage risks for:
The programs the Province has in place are:
Having programs in different markets provides the Province with diverse sources of funding and ongoing access to domestic and international markets. Issuances are done in a variety of sizes, major currencies and maturities through syndicated public bond offerings and private placements.
Disclaimer: Contents are for general purposes only and do not constitute an offering of securities in the U.S. or elsewhere. Our securities may not be offered for sale in the U.S. absent registration or an exemption from registration. Any public offering of our securities in the U.S. will be made by means of a prospectus that may be obtained from us and that will contain detailed information about us and our management as well as our financial statements.
Table 1: Borrowing requirements
Borrowing requirements (CAD millions) |
Fiscal year 2021-22 Forecast |
Fiscal year 2021-22 Estimate |
Fiscal year 2022-23 Target |
Fiscal year 2023-24 Target |
---|---|---|---|---|
Government | $22,935 | $12,298 | $11,298 | $6,309 |
Provincial corporations | $248 | $248 | $204 | $394 |
Government business enterprises | $863 | $404 | $923 | $934 |
Total borrowing requirements | $24,046 | $12,956 | $12,425 | $7,637 |
Table 2: Borrowing sources
Borrowing sources (CAD millions) |
Fiscal year 2020-21 Forecast |
Fiscal year 2021-22 Estimate |
Fiscal year 2022-23 Target |
Fiscal year 2023-24 Target |
---|---|---|---|---|
Money market (net change) | $1,511 | $1,079 | $1,377 | $1,528 |
Public-private partnerships (P3s) | $46 | $43 | $81 | $39 |
Term debt | $22,489 | $11,828 | $10,967 | $6,070 |
Total borrowing sources | $24,046 | $12,950 | $12,425 | $7,637 |
Source: 2021-22 Mid-Year Fiscal Plan Update
Treasury and Risk Management quarterly compliance reports, including cash and debt management information
The following documents are available in the Open Government Portal:
The Province currently receives credit ratings from:
These firms provide an independent assessment of the credit worthiness of the Province of Alberta, typically providing a credit rating for the short-term debt, long-term debt, and a ratings outlook or trend.
Table 3: Credit ratings
Province of Alberta Credit Reports |
Province of Alberta Long-term Rating |
Province of Alberta Short-term Rating |
---|---|---|
Moody's Investors Service (PDF, 1 MB) May 4, 2022 |
Aa3 (outlook positive) |
P-1 |
S&P Global (PDF, 132 KB) May 19, 2022 |
A+ (outlook stable) |
A-1 |
Fitch Ratings Inc. (PDF, 4.6 MB) May 18, 2022 |
AA- (outlook stable) |
F1+ |
DBRS Morningstar (PDF, 345 KB) December 14, 2021 |
AA (low) (stable trend) |
R-1 (mid) (stable trend) |
The following links are for your interest and convenience. We are not responsible for these sites or content:
The following documents are available in the Open Government Portal except where noted.
Subscribe to our Investor Distribution List to receive budgets, financial reports and investor fact sheets.
Connect with Investor Relations:
Hours: 8:15 am to 4:30 pm (open Monday to Friday, closed statutory holidays)
Phone: 780-644-5011
Toll free: 310-0000 before the phone number (in Alberta)
Email: [email protected]
Address:
Investor Relations
Alberta Treasury Board and Finance
8th Floor, Federal Building
9820 107 Street
Edmonton, Alberta T5K 1E7
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