2022-23 SGI CANADA Annual Report
Bonds and debentures
The carrying value and average effective interest rates are shown in the following chart by contractual maturity.
Actual maturity may differ from contractual maturity because certain borrowers have the right to call or prepay
obligations with or without call or prepayment penalties.
Term to maturity (years)
Government of Canada:
After one through five
After five
Canadian provincial and municipal:
After one through five
(thousands of $)
2023
2022
Carrying
value
Average effective
rates (%)
Carrying
value
Average effective
rates (%)
$
359,516
3.5 $
257,889
2.4
7,308
2.8
142,091
3.7
112,013
2.7
Canadian corporate:
One or less
24,742
2.4
After one through five
177,937
4.7
204,784
3.2
After five
86,109
3.8
98,701
2.9
Total bonds and debentures
$
765,653
$
705,437
Investment funds
The Corporation owns units in equity funds, a mortgage investment fund and a real estate investment fund. These
investment funds have no fixed distribution rate. Fund returns are based on the success of the fund managers.
Securities lending program
At March 31, 2023, the Corporation held collateral of $486.9 million (2022 - $379.1 million) for the loaned securities,
which represents approximately 105.0% of the fair value of the loaned securities.
2022-23 SGI CANADA Annual Report 53View entire presentation