2015 ONTARIO BUDGET Schedule of Debt

Transcription

1 2015 ONTARIO BUDGET Schedule of Debt

2 Outstanding Debt - Consolidated Summary Interim 2015 ($ Millions) Province OEFC Debt Non-Public Debt Issued by the Province Guaranteed by the Province Total Interim Total Canada Pension Plan Investment Board 10, ,233 10,233 Public Service Pension Fund Ontario Public Service Employees Union Pension Fund (OPSEU) Canada Mortgage and Housing Corporation Ontario Immigrant Investor Corporation , School Board Trust Publicly Held Debt 12, ,295 12,923 Bonds 256,466 17,172 6,310 23, , ,932 Treasury Bills 11,657 1,631-1,631 13,288 12,297 U.S. Commercial Paper 7, ,666 8,657 Infrastructure Ontario (IO) ,604 Other ,048 18,803 6,310 25, , ,835 Total Debt 289,113 19,033 6,310 25, , , ONTARIO BUDGET - 1 -

3 Schedule of Outstanding Debt Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference DEBT ISSUED FOR PROVINCIAL PURPOSES NON-PUBLIC DEBT To Canada Pension Plan Investment Board: Year ending March CPP ,300, CPP 4.08 to ,896, CPP 5.81 to ,270, CPP 5.50 to ,889, CPP 6.33 to ,834, CPP 6.22 to ,994, CPP 5.26 to ,007, CPP 5.15 to ,133,182, CPP 4.67 to ,612, CPP ,880, CPP ,000, CPP 3.41 to ,953, CPP 4.50 to ,269, CPP 4.63 to ,756, CPP 4.70 to ,439, CPP 4.36 to ,179,395, CPP 4.20 to ,613, CPP 4.23 to ,179, CPP 3.36 to ,272,000 Total to Canada Pension Plan Investment Board 10,002,740,000 (3) - 2 -

4 Schedule of Outstanding Debt Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference To Canada Mortgage and Housing Corporation: Year ending March CMHC to ,625, CMHC to ,376, CMHC to ,438, CMHC to ,547, CMHC to ,952, CMHC 9.50 to ,689, CMHC 9.75 to ,408 66,251,454 (5) To Ontario Immigrant Investor Corporation: Year ending March OIIC Zero 230,062, ,062,447 Less: Unamortized discount (2,172,481) 227,889, OIIC to ,210, OIIC ,612, OIIC to ,277, OIIC to ,095, OIIC to ,203, ,289,977 (6) Total to Ontario Immigrant Investor Corporation 352,289,

5 Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference To School Board Trust Debt: Year ending March ,000,000 Less: Sinking Fund (186,615,485) 704,384,515 (7) TOTAL NON-PUBLIC DEBT 11,125,665,

6 Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference PUBLICLY HELD DEBT PAYABLE IN CANADA IN CANADIAN DOLLARS 12-May May-10 DMTN203 3 CBA ,000,000 (8) 1-Sep-15 1-Sep-00 DMTN ,000,000 (8) 8-Sep-15 9-Mar-10 DMTN ,150,000,000 5-Oct-15 5-Oct-10 DMTN205 3 CBA ,121,000,000 (8) 8-Mar Feb-06 DMTN ,250,000, Apr Apr-11 DMTN209 3 CBA ,090,000,000 (8) 2-Jun Jun-05 DMTN149 Step-up 200,000,000 (9) 24-Jun Jun-09 DMTN196 3 CBA ,000,000 (8) 27-Jun May-11 DMTN210 3 CBA ,000,000,000 (8) 8-Sep Feb-11 DMTN ,000, Sep Jul-11 DMTN211 3 CBA ,050,000,000 (8) 2-Dec-16 7-Dec-04 DMTN ,000,000 2-Dec Aug-05 DMTN152 Step-up 300,000,000 (10) 8-Mar Jan-07 DMTN ,100,000,000 (8) 8-Sep Jan-12 DMTN ,350,000, Sep Feb-13 DMTN219 3 CBA ,119,500,000 (8) 23-Nov Nov-12 DMTN217 3 CBA ,000,000 (8) 8-Mar Mar-08 DMTN ,560,000, May May-13 DMTN221 3 CBA ,000,000 (8) 2-Jun Aug-03 DMTN ,000,000 (8) 28-Aug Aug-13 DMTN222 3 CBA ,800,000 (8) 8-Sep Jan-13 DMTN ,878,000,000 3-Dec-18 3-Dec-13 DMTN224 3 CBA ,000,000 (8) 2-Jun Apr-04 DMTN ,000,000 (8) 2-Jun Apr-09 DMTN ,050,000,000 (8) 26-Aug Aug-14 DMTN226 3 CBA ,921,000,000 (8) 8-Sep-19 5-Jun-14 DMTN ,400,000,

7 Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference 2-Jun Feb-05 DMTN ,000,000 2-Jun Feb-10 DMTN ,875,000,000 4-Sep-20 4-Sep-98 LY ,000,000 2-Jun Dec-07 DMTN ,000,000 (8) 2-Jun Jan-11 DMTN ,915,000,000 2-Jun-22 8-Nov-11 DMTN ,271,700, Jul Jul-92 HC ,590,438,000 2-Jun-23 6-Nov-12 DMTN ,322,700,000 8-Sep-23 8-Sep-93 HP ,570,000 8-Sep Jul-07 DMTN ,000,000 2-Jun Nov-13 DMTN ,000,000,000 2-Jun-25 9-Jan-15 DMTN ,900,000,000 2-Jun Dec-94 JE ,000,000 2-Dec-25 5-Oct-95 JQ ,000,000,000 6-Feb-26 6-Feb-96 JY ,500,000 2-Jun Dec-95 JU ,000,000,000 2-Dec Feb-97 KR ,500,000 2-Dec Jan-99 MH ,584,000 (11) 3-Feb-27 5-Aug-97 KN ,220,000 3-Feb-27 5-Aug-97 KT ,726,000 3-Feb-27 1-Apr-98 KY ,549,000 3-Feb-27 4-Dec-98 LA ,507,000 4-Feb-27 4-Feb-98 KQ ,000 2-Jun Oct-96 KJ ,734,700, Aug Feb-98 LQ ,020,000 8-Mar-29 8-Jan-98 LK ,727,000, Jan-31 8-Sep-95 JN ,000,000 2-Jun Mar-00 NF ,000,000,000 2-Jun Nov-10 DMTN ,300,000 8-Mar Feb-03 DMTN ,674,610,000 8-Mar Apr-04 DMTN ,000,000 8-Mar Jul-04 DMTN ,000,000 (8) 13-Jul Sep-05 DMTN ,500,000 (12) - 6 -

8 Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference 3-Nov-34 3-Nov-94 HY ,800,000 Jan 10, 1995 to 10-Jan Nov-94 HZ ,315,904 (13) JA ,734,521 (13) JB ,482,324 (13) JC ,764,354 (13) JD ,171,134 (13) 12-Jan Jan-07 JG ,950,000 8-Feb-35 8-Feb-95 JJ ,000,000 2-Jun Aug-04 DMTN ,882,300,000 2-Jun Jan-05 DMTN ,000,000 (14) 20-Jun Jun-96 KC ,984,000 1-Dec-36 8-Mar-06 DMTN Real Return 2,491,027,841 (15) 2-Jun Feb-06 DMTN ,700,000,000 2-Dec-37 1-Feb-05 DMTN ,000,000 2-Jun Jul-04 DMTN ,000,000 (16) 20-Jun Sep-96 KG ,000, Jul Jul-98 LS ,000, Aug Aug-98 LT ,500,000 2-Jun Jan-08 DMTN ,600,000, Jul-39 2-Feb-99 MK ,200,000 2-Dec Feb-00 NE ,489,000, Jul Apr-02 DMTN ,000,000 2-Jun Jun-10 DMTN ,368,000,000 2-Dec Aug-01 DMTN ,000,000 8-Mar-42 4-Dec-01 DMTN ,000,000 2-Jun Jan-02 DMTN ,000,000 2-Jun Feb-03 DMTN ,000,000 2-Jun Jan-12 DMTN ,000,000,000 2-Jun Sep-06 DMTN ,000, Jan May-95 JL ,531,176 (17) 1-Mar-45 1-Mar-95 JK ,000,

9 Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference 2-Jun Aug-05 DMTN ,000,000 2-Jun May-13 DMTN ,525,000,000 2-Jun May-06 DMTN ,700,000 2-Dec-46 2-Feb-15 DMTN ,850,250,000 2-Jun Feb-07 DMTN ,000,000 2-Jun-48 6-May-08 DMTN ,000,000 2-Jun Jul-08 DMTN ,000,000 2-Jun-62 8-Nov-12 DMTN ,000,000 Planned issues - 194,300,125,254 Less: CPI adjustment to Real Return Swap (45,286,614) (15) 194,254,838,

10 Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference ONTARIO SAVINGS BONDS 21-Jun Jun-08 Compound Variable 12,609, Jun Jun-08 Annual Variable 10,591, Jun Jun-10 Annual Step-up 343,675, Jun Jun-10 Compound Step-up 183,851, Jun Jun-12 Annual Variable 1,847, Jun Jun-12 Compound Variable 3,671, Jun Jun-12 Annual ,839, Jun Jun-12 Compound ,534, Jun Jun-09 Annual Variable 5,424, Jun Jun-09 Compound Variable 6,653, Jun Jun-11 Annual Step-up 210,260, Jun Jun-11 Compound Step-up 101,317, Jun Jun-13 Annual Variable 5,811, Jun Jun-13 Compound Variable 7,084, Jun Jun-13 Annual ,602, Jun Jun-13 Compound ,735, Jun Jun-10 Annual ,773, Jun Jun-10 Compound ,723, Jun Jun-12 Annual Step-up 332,929, Jun Jun-12 Compound Step-up 231,194, Jun Jun-14 Annual Variable 8,052, Jun Jun-14 Compound Variable 8,467, Jun Jun-14 Annual ,472, Jun Jun-14 Compound ,261, Jun Jun-11 Annual ,629, Jun Jun-11 Compound ,371, Jun Jun-13 Annual Step-up 202,544, Jun Jun-13 Compound Step-up 83,150, Jun Jun-14 Annual Step-up 296,206, Jun Jun-14 Compound Step-up 168,163, Jun Jun-10 Annual ,201, Jun Jun-10 Compound ,624,

11 Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference 21-Jun Jun-11 Annual ,677, Jun Jun-11 Compound ,254, Jun Jun-12 Annual ,034, Jun Jun-12 Compound ,142, Jun Jun-13 Annual ,615, Jun Jun-13 Compound ,143, Jun Jun-14 Annual ,942, Jun Jun-14 Compound ,448,100 Active Series 2,439,536,500 (18) Matured Series 56,279,600 (19) TOTAL ONTARIO SAVINGS BONDS 2,495,816,100 TOTAL PAYABLE IN CANADA IN CANADIAN DOLLARS 196,750,654,

12 Date of Maturity Date of Issue Series PAYABLE IN GLOBAL MARKET IN CANADIAN DOLLARS Interest Rate (%) Outstanding ($) Reference 7-Feb-24 7-Feb-94 HS ,106,700,000 9-Oct-18 9-Oct-14 G ,000,000 TOTAL PAYABLE IN GLOBAL MARKET IN CANADIAN DOLLARS 1,606,700,000 PAYABLE IN EUROPE IN CANADIAN DOLLARS 21-Oct Oct-05 EMTN73 3 CBA ,000,000 (8) 13-Jul Jul-94 EMTN ,000,000 TOTAL PAYABLE IN EUROPE IN CANADIAN DOLLARS 550,000,000 Foreign Currency Debt (20) PAYABLE IN AUSTRALIA IN AUSTRALIAN DOLLARS 29-Sep Sep-10 ADI ,000, Aug Aug-14 ADI ,000, Aug Feb-15 ADI ,000,000 TOTAL PAYABLE IN AUSTRALIA IN AUSTRALIAN DOLLARS 975,000,000 EXCHANGE RATE OF $ ,192,220 (20a) PAYABLE IN EUROPE IN EURO 23-Apr Apr-09 EMTN ,500,000,000 3-Dec-19 3-Dec-09 EMTN ,750,000, Sep Sep-10 EMTN ,250,000, May May-14 EMTN ,750,000, Jan Jan-15 EMTN ,250,000,000 TOTAL PAYABLE IN EUROPE IN EURO 7,500,000,000 EXCHANGE RATE OF $ ,111,984,338 (20b)

13 Date of Maturity Date of Issue Series PAYABLE IN GLOBAL MARKET IN EURO 9-Jan-18 9-Jan-09 PU Interest Rate (%) Outstanding ($) Reference 3M Euribor ,000,000 TOTAL PAYABLE IN GLOBAL MARKET IN EURO 120,000,000 EXCHANGE RATE OF $ ,160,000 (20c) PAYABLE IN EUROPE IN HONG KONG DOLLARS 7-Jun-15 7-Jun-10 EMTN103 3M Hibor ,550,000,000 TOTAL PAYABLE IN EUROPE IN HONG KONG DOLLARS 1,550,000,000 EXCHANGE RATE OF $ ,282,052 (20a) PAYABLE IN JAPAN IN JAPANESE YEN 8-Aug-18 8-Aug-08 YL ,000,000,000 TOTAL PAYABLE IN JAPAN IN JAPANESE YEN 8,000,000,000 EXCHANGE RATE OF $ ,550,891 (20d) PAYABLE IN EUROPE IN JAPANESE YEN 8-Jun-15 7-Jun-10 EMTN ,700,000,000 8-Jun-20 7-Jun-10 EMTN ,900,000,000 TOTAL PAYABLE IN EUROPE IN JAPANESE YEN 132,600,000,000 EXCHANGE RATE OF $ ,301,804,537 (20d)

14 Date of Maturity Date of Issue Series PAYABLE IN GLOBAL MARKET IN NEW ZEALAND DOLLARS Interest Rate (%) Outstanding ($) Reference 16-Jun Jun-05 PG ,450,000 TOTAL PAYABLE IN GLOBAL MARKET IN NEW ZEALAND DOLLARS 718,450,000 EXCHANGE RATE OF $ ,050,875 (20a) PAYABLE IN EUROPE IN NORWEGIAN KRONER 11-Jun Jun-10 EMTN ,350,000, Jan Dec-10 EMTN ,000,000 TOTAL PAYABLE IN EUROPE IN NORWEGIAN KRONER 2,100,000,000 EXCHANGE RATE OF $ ,661,864 (20a) PAYABLE IN EUROPE IN SOUTH AFRICAN RAND 17-Aug Aug-05 EMTN ,000, Sep Sep-06 EMTN ,000,000 TOTAL PAYABLE IN EUROPE IN SOUTH AFRICAN RAND 360,000,000 EXCHANGE RATE OF $ ,708,404 (20a) PAYABLE IN EUROPE IN SWISS FRANCS 29-Jun Jun-05 PF ,000,000 1-Dec-15 1-Dec-08 EMTN ,000, Jul Jul-08 EMTN ,000, Jul Aug-09 PY ,000, Dec Aug-09 PZ ,000,

15 29-Apr Apr-09 EMTN ,000,000 4-Dec-19 4-Dec-09 EMTN ,000,000 7-May-20 7-May-10 EMTN ,000,000 TOTAL PAYABLE IN EUROPE IN SWISS FRANCS 1,750,000,000 EXCHANGE RATE OF $ ,946,071,655 (20e) PAYABLE IN CANADA IN U.S. DOLLARS 21-Dec Dec-06 DMTN ,000,000 TOTAL PAYABLE IN CANADA IN U.S. DOLLARS 100,000,000 EXCHANGE RATE OF $ ,550,000 (20f) PAYABLE IN THE UNITED STATES IN U.S. DOLLARS 1-Apr Feb-12 USMTN1 3M Libor ,000, Nov Nov-12 USMTN2 3M Libor ,000,000 TOTAL PAYABLE IN THE UNITED STATES IN U.S. DOLLARS 1,000,000,000 EXCHANGE RATE OF $ ,128,303,750 (20g) PAYABLE IN GLOBAL MARKET IN U.S. DOLLARS 26-May May-12 G ,500,000, Jun Jun-10 G ,500,000, Aug-15 7-Feb-13 G61 3M Libor ,000, Sep Sep-10 G ,250,000,

16 Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference 19-Jan Jan-06 PJ ,000, Apr Apr-06 PK ,000, May May-11 G ,000,000, Jul Jul-13 G ,500,000, Sep Sep-11 G ,000,000, Nov Nov-06 PM ,000, Oct Oct-12 G ,250,000, Dec Dec-10 G ,250,000, Feb Feb-13 G ,000, Jul Jul-11 G ,000,000, Sep Sep-13 G ,750,000, Jan Jan-14 G ,000,000, Sep Sep-12 G ,250,000,000 7-Oct-19 7-Oct-09 G ,000,000, Apr Apr-10 G ,000,000, Jun Jun-12 G ,000,000, Sep Sep-14 G ,000,000, May May-14 G ,250,000,000 TOTAL PAYABLE IN GLOBAL MARKET IN U.S. DOLLARS 36,446,000,000 EXCHANGE RATE OF $ ,754,699,457 (20h)

17 Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference TOTAL BONDS 256,795,374,783 UNAMORTIZED FOREIGN EXCHANGE GAINS/(LOSSES) (52,125,476) TOTAL BONDS NET OF UNAMORTIZED FOREIGN EXCHANGE GAINS/(LOSSES) 256,743,249,307 TREASURY BILLS 12,628,326,000 U.S. COMMERCIAL PAPER (in U.S. Dollars) 6,292,000,000 (21) EXCHANGE RATE OF $ ,665,634,320 TOTAL PUBLICLY HELD DEBT 277,037,209, TOTAL DEBT ISSUED FOR PROVINCIAL PURPOSES 288,162,875, CONSOLIDATION ADJUSTMENTS - OTHER GOVERNMENT ORGANIZATIONS NON-PUBLIC DEBT ISSUED BY AGENCIES Ontario Mortgage and Housing Corporation 364,312,158 Ontario Immigrant Investor Corporation 576,341,659 (6) PUBLIC DEBT ISSUED BY AGENCIES Infrastructure Ontario 950,000,000 Niagara Parks Commission 24,786,883 ORNGE 281,574,356 Ottawa Convention Centre 1,975,365 ONTARIO SECURITIES HELD BY AGENCIES BONDS (277,338,000) TREASURY BILLS (971,326,000) TOTAL CONSOLIDATION ADJUSTMENTS 950,326,421 (22) TOTAL PROVINCIAL PURPOSE DEBT AFTER CONSOLIDATION ADJUSTMENTS 289,113,201,

18 Date of Date of Issue Series Interest Rate (%) Outstanding ($) Reference Maturity ONTARIO ELECTRICITY FINANCIAL CORPORATION (OEFC) DEBT ISSUED BY THE PROVINCE FOR OEFC NON-PUBLIC DEBT Canada Pension Plan Investment Board CPP ,375, CPP 6.17 to ,961, CPP ,130,000 TOTAL NON-PUBLIC DEBT 230,466,000 (3)

19 Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference PUBLICLY HELD DEBT PAYABLE IN CANADA IN CANADIAN DOLLARS 8-Sep Dec-10 DMTN ,000,000 5-Oct Nov-10 DMTN205 3 CBA ,000,000 (8) 8-Mar Feb-06 DMTN ,800,000,000 8-Sep Feb-11 DMTN ,000,000 8-Mar Jan-07 DMTN ,300,000, Nov Nov-12 DMTN217 3 CBA ,000,000 8-Mar Mar-08 DMTN ,440,000,000 2-Jun-18 6-Jun-05 DMTN ,000,000 8-Sep Jul-13 DMTN ,000,000 2-Jun Apr-09 DMTN ,000,000 8-Sep-19 5-Jun-14 DMTN ,000,000 2-Jun Feb-05 DMTN ,000,000 2-Jun Apr-10 DMTN ,000,000 2-Jun Apr-11 DMTN ,000,000 2-Jun-22 3-May-12 DMTN ,300,000 2-Jun-23 6-Nov-12 DMTN ,777,300,000 8-Sep Nov-04 HP ,000,000 2-Jun Nov-13 DMTN ,550,000,000 2-Jun-25 9-Jan-15 DMTN ,000,000 2-Jun Feb-00 KJ ,500, Aug Apr-99 LQ ,600,000 1-Dec-36 4-Oct-05 DMTN Real Return 813,302,000 (15) 2-Jun-37 1-Sep-06 DMTN ,000,000 2-Jun Jul-09 DMTN ,000,000 2-Jun-41 9-Mar-11 DMTN ,000,000 2-Jun May-12 DMTN ,000,000 2-Jun-45 1-Oct-13 DMTN ,000,000 2-Dec-46 2-Feb-15 DMTN ,750,000 TOTAL PAYABLE IN CANADA IN CANADIAN DOLLARS 15,863,752,

20 Date of Maturity Date of Issue Series PAYABLE IN AUSTRALIA IN AUSTRALIAN DOLLARS Interest Rate (%) Outstanding ($) 30-Nov Nov-06 AUD ,000,000 TOTAL PAYABLE IN AUSTRALIA IN AUSTRALIAN DOLLARS 300,000,000 Reference EXCHANGE RATE OF $ ,525,500 (20i) PAYABLE IN GLOBAL MARKET IN EURO 9-Oct-17 9-Jan-09 PU 3M Euribor ,000,000 TOTAL PAYABLE IN GLOBAL MARKET IN EURO 105,000,000 EXCHANGE RATE OF $ ,340,000 (20i) PAYABLE IN EUROPE IN HONG KONG DOLLARS 29-Dec Dec-08 EMTN ,000,000 TOTAL PAYABLE IN EUROPE IN HONG KONG DOLLARS 515,000,000 EXCHANGE RATE OF $ ,572,774 (20i) PAYABLE IN EUROPE IN SWISS FRANCS 27-May May-08 EMTN ,000, Jul Dec-08 EMTN ,000,000 TOTAL PAYABLE IN EUROPE IN SWISS FRANCS 325,000,000 EXCHANGE RATE OF $ ,157,633 (20i)

21 Date of Maturity Date of Issue Series PAYABLE IN EUROPE IN U.S. DOLLARS Interest Rate (%) Outstanding ($) 18-Dec Dec-08 EMTN ,000,000 TOTAL PAYABLE IN EUROPE IN U.S. DOLLARS 60,000,000 Reference EXCHANGE RATE OF $ ,650,000 (20i) PAYABLE IN GLOBAL MARKET IN U.S. DOLLARS 14-Feb Feb-13 G ,000,000 TOTAL PAYABLE IN GLOBAL MARKET IN U.S. DOLLARS 295,000,000 EXCHANGE RATE OF $ ,000,000 (20i)

22 Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference TOTAL BONDS 17,145,997,907 UNAMORTIZED FOREIGN EXCHANGE GAINS/(LOSSES) 25,881,235 TOTAL BONDS NET OF UNAMORTIZED FOREIGN EXCHANGE GAINS/(LOSSES) 17,171,879,142 TREASURY BILLS 1,630,538,000 TOTAL PUBLICLY HELD DEBT 18,802,417,142 TOTAL DEBT ISSUED BY THE PROVINCE FOR OEFC 19,032,883,

23 Schedule of Outstanding Debt - Concluded Date of Maturity Date of Issue Series Interest Rate (%) Outstanding ($) Reference OEFC'S DEBT GUARANTEED BY THE PROVINCE PAYABLE IN CANADA IN CANADIAN DOLLARS 6-Feb-20 6-Feb-90 HYD-DK ,239,000 1-Oct Dec-90 HYD-DS ,000, Nov Nov-90 HYD-DQ ,000,000 6-Aug-21 6-Aug-91 HYD-DW ,000, Aug Aug-92 HYD-FV ,300, May May-95 HYD-GB ,000, May-25 7-Sep-95 HYD-GD ,000, Jun Jun-96 HYD-GG ,000,000, Jul Jul-98 HYD-GR ,070, Oct Jan-98 HYD-GT ,000,000 TOTAL PAYABLE IN CANADA IN CANADIAN DOLLARS 4,325,609,000 GLOBAL MARKET PAYABLE IN CANADIAN DOLLARS 15-Oct Oct-91 HYD-FQ ,196,500, Apr Apr-91 HYD-FP ,000,000 (23) TOTAL PAYABLE IN GLOBAL MARKET IN CANADIAN DOLLARS 1,946,500,000 PAYABLE IN EUROPE IN CANADIAN DOLLARS 6-Nov-20 6-Nov-95 HYD-ECDN ,510,000 TOTAL PAYABLE IN EUROPE IN CANADIAN DOLLARS 37,510,000 TOTAL OEFC'S DEBT GUARANTEED BY THE PROVINCE 6,309,619,000 TOTAL OEFC DEBT 25,342,502,142 TOTAL CONSOLIDATED DEBT 314,455,704,

24 OUTSTANDING DEBT Continued References: 1. All debt issues are non-callable, except as stated in the notes below. Debt is payable at a fixed rate, or a floating rate with reference to a stated index, reset usually every three months (3M). These floating rate indices are CBA - Canadian Bankers Acceptance Rate, Euribor - Euro Interbank Offered Rate, Hibor - Hong Kong Interbank Offered Rate, and Libor - London Interbank Offered Rate. 2. The following debt series are issued for Provincial purposes and for OEFC: DMTN201, DMTN205, DMTN163, DMTN208, DMTN173, DMTN217, DMTN183, DMTN79, DMTN218, DMTN195, DMTN225, DMTN140, DMTN200, DMTN207, DMTN212, DMTN215, HP, DMTN223, DMTN227, KJ, LQ, DMTN158, DMTN164, DMTN182, DMTN204, DMTN214, DMTN220, DMTN228, PU, EMTN82 and G The Canada Pension Plan Investment Board ( CPPIB ) invests funds in the Province of Ontario s non-marketable securities. Effective July 1, 2005, under a side-letter agreement signed between the CPPIB and the Province, CPPIB offered the Province upon maturity of the debentures held to the credit of the Canada Pension Plan Investment Fund ( CPPIF ) that were issued before January 1, 1998, an option of issuing new replacement debentures to the CPPIB with a maximum term of 30 years (minimum term of 5 years and with subsequent roll over options subject to the 30 years maximum from the date of issue of the first replacement debenture) at a rate based on the capital market rates at the time of roll over. These debentures are not negotiable or transferable and are assignable only to a wholly-owned subsidiary of the Canada Pension Plan Investment Board. On April 1, 2007, all debentures held to the credit of the CPPIF or purchased by the Minister of Finance of Canada in accordance with Section 110 of the Canada Pension Plan were transferred to the CPPIB. 4. OPB & OPPT: Pursuant to the Ontario Public Service Employees Pension Act 1994 and the Asset Transfer Agreement of December 12, 1994, the Province was obligated to re-split the debentures between the Public Service Pension Fund ( PSPF ) and the Ontario Public Service Employees Union Pension Plan Trust Fund ( OPSEU Fund ). On June 13, 1997 a Restated Sponsorship Amendment and Asset Transfer Agreement was signed, replacing the 1994 agreement and which resulted in the existing split after debt payment. The terms of these debentures require that the principal be repaid in 12 equal monthly payments in the year preceding the date of maturity. These debentures matured in September CMHC: The terms of these debentures require that equal payments be made each year until their maturity. Each payment consists of blended principal and interest. 6. OIIC: Total outstanding amount is $927 million, including $353 million issued by the Province and $576 million issued by Infrastructure Ontario. 7. SBT: A School Board Trust was created in June 2003 to permanently refinance debt incurred by 55 school boards. The Trust issued 30-year sinking fund debentures amounting to $891 million and $882 million of the proceeds was provided to the 55 school boards in exchange for the irrevocable right to receive future transfer payments from the Province. An annual transfer payment is made by the Ministry of Education to the Trust s sinking fund under the School Board Operating Grant program to retire the debt over 30 years. 8. The Province entered into interest rate agreements for certain Canadian bonds to effectively convert their interest rate obligations according to the Province s risk management strategy. These bonds and effective rates are: DMTN %, DMTN1 3M CBA rate 0.02%, DMTN %, DMTN %, DMTN %, DMTN %, DMTN %, DMTN173 3M CBA rate 0.279% ($210 million), DMTN %, DMTN %, DMTN % ($475 million), DMTN79 3M CBA % ($125 million), DMTN % ($531 million), DMTN %, DMTN105 3M CBA rate, DMTN195 3M CBA rate % ($600 million), DMTN %, DMTN %, DMTN % and EMTN %. The OEFC entered into an interest rate agreement for a Canadian bond to effectively convert its interest rate obligation according to OEFC s risk management strategy. The bond and effective rate is DMTN %. 9. DMTN149: Bonds are extendible at the option of the bondholders on the initial maturity date of June 2, 2016 to the final maturity date of June 2, 2035 and, if extended, are exchangeable at the option of the bondholders on June 13, 2016 for Series DMTN119. Interest is payable semi-annually at 3.6% until June 2, 2016 and 4.8% thereafter, if extended. In addition, the Province entered into interest rate agreements that effectively converted the interest rate on this obligation to a rate of 4.67%. 10. DMTN152: Bonds are extendible at the option of the bondholders on the initial maturity date of December 2, 2016 to the final maturity date of June 2, 2035 and, if extended, are exchangeable on December 14, 2016 for Series DMTN119 at par. Interest is payable semi-annually at 3.75% until the initial maturity date and thereafter at 4.75%, if extended. In addition, the Province entered into interest rate agreements that effectively converted the interest rate on this obligation to a rate of 4.76%. 11. MH: The terms of these debentures require that a special one-time interest payment of $31.1 million be made at maturity. 12. DMTN157: Interest is payable semi-annually at 15.0% until January 13, 2006 and thereafter at 5.0%

25 13. Series HZ, JA, JB, JC, JD: These are zero coupon bonds which require unequal payments consisting of principal and interest to be made at predetermined irregular intervals. During the fiscal year , principal repaid was $0.1 million. By January 10, 2035, the principal and interest to be repaid on these bonds will be $230 million. 14. DMTN133: Bonds are retractable at the option of the bondholders on December 2, 2014 or exchangeable for Series DMTN119 at par on December 15, On December 2, 2014 and December 15, 2014, the bondholders did not exercise the options. Interest was payable at 4.0% until December 2, 2014 and thereafter is payable at 5.35% until final maturity date. In addition, the Province entered into interest rate agreements that effectively converted the interest rate on this obligation to a rate of 5.26%. 15. DMTN158: This Real Return Bond bears interest to the index adjusted principal in relation to All-Items Consumer Price Index for Canada (the CPI ), issued with a base index of on March 8, Consequent to the change of official time base reference period from 1992 to 2002 by the Bank of Canada on June 19, 2007, the base index has been changed to Total issue size is $2,844 million in principal, of which $700 million has been on-lent to OEFC, and $300 million has been swapped effectively to a nominal debt paying a fixed rate of 4.66%. The amount outstanding represents the indexed value of the principal. 16. DMTN117: The bond was issued at a high premium in 2004 to offer a yield of 5.74%. 17. JL: The terms of these debentures require unequal payments, consisting of both principal and interest, to be made at predetermined irregular intervals with the final payment on January 10, The total principal and interest to be payable over the life of the debenture is $1,325 million. 18. OSB: Ontario Savings Bonds are redeemable at the option of the holders on June 21 and December 21 and for 14 calendar days following the redemption date of June 21 and December 21, with the exception of Fixed-Rate bonds which are redeemable at maturity only. Starting in 2009, Variable Rate Bonds are redeemable annually only on June 21. All current outstanding OSBs may be redeemed upon the death of the beneficial owner. OSB - Fixed Rate: In 2009, fixed rate bonds were issued for a term of two, three and five years. In 2010 and 2011, fixed rate bonds were issued for a term of three, seven and ten years. In 2012, 2013 and 2014, fixed-rate bonds were issued for a term of three and ten years only. OSB - Step-up Rate: 2010 Series: Interest is payable at 1.0%, 2.0%, 3.0%, 3.75%, and 4.25%, 2011 Series: Interest is payable at 1.25%, 1.5%, 2.0%, 2.5%, and 3.75%, 2012 Series: Interest is payable at 1.25%, 1.5%, 1.75%, 2.0%, and 2.25%, 2013 Series: Interest is payable at 1.25%, 1.5%, 1.75%, 2.0%, and 2.25%, 2014 Series: Interest is payable at 1.25%, 1.5%, 2.0%, 2.25% and 2.5%, in year 1, 2, 3, 4 and 5 respectively. OSB Variable Rate only: For bonds issued prior to 2009, the Minister of Finance resets the interest rate every six months. Starting in 2009, the interest rate is reset yearly, on June 21 only. On June 21, 2014 and December 21, 2014, the interest rate was reset at 1.30%. 19. OSB: The outstanding amount represent bonds matured but not yet presented for redemption. No interest is payable on these bonds. 20. All foreign currency debt has been converted into Canadian dollar equivalents at the rates of the currency exchange agreements if the debt is hedged, or at year end exchange rates if unhedged per cent of foreign currency debt is hedged as at March 31, The exchange rates of foreign currencies to Canadian dollars as at February 28, 2015 are: Australian dollar , euro , Hong Kong dollar , Japanese yen , New Zealand dollar 0.945, Norwegian krone , South African rand 0.107, Swiss franc , United States dollar In addition, the Province entered into interest rate agreements that effectively converted these interest rate obligations in accordance with the Province s risk management strategies. These bonds and effective rates are: (a) Australia in AUD 3.30%, EMTN in HKD 3.44%, Global in NZD 4.24%, EMTN in NOK 3.01%, EMTN in ZAR 4.36%, (b) EMTN in Euro: 3.70% ($9,350 million), 3M CBA % ($1,762 million) (c) Global in Euro: 4.00% (d) Japan in Yen: 4.34%, EMTN in Yen: 2.33% ($916 million) (e) EMTN in CHF: 4.35% ($1,359 million), 3.07% ($61 million, mixed rate) and $526 million unhedged at 2.26% (f) Canada in USD 4.49% (g) US in USD: 1.25% ($874 million, mixed rate), 1.84% ($254 million) (h) Global in USD: 3.34% ($24,818 million), 3M CBA % ($11,081 million), 1.38% ($3,855 million) The OEFC also entered into interest rate agreements that effectively converted these interest rate obligations in accordance with the OEFC s risk management strategies. These bonds and effective rates are: (i) Australia in AUD 4.24%, Global in Euro 4.0%, EMTN in HKD 4.13%, EMTN in CHF 5.05%, EMTN in USD 4.22%, Global in USD 3M CBA %. 21. U.S. Commercial Paper issues are discount notes with maturities up to 270 days. 22. Total consolidation adjustments include third party debt issued by other government organizations and the elimination of provincial debt held by these organizations. The following are the provincial debt held by other government organizations (in millions): Ontario Bonds: AgriCorp: $18m DMTN132 and $20m DMTN173. Forest Renewal Trust: $3m DMTN173. Infrastructure Ontario: $17m DMTN195, $62m DMTN218, $88m DMTN223 and $6m DMTN

26 Ontario Energy Board: $3m DMTN173, $1m DMTN201, $1m DMTN208. Ontario Trillium Foundation: $11m DMTN163, $12m DMTN173, $12m DMTN201, $12m DMTN208 and $12 DMTN213. Treasury Bills: Northern Ontario Heritage Fund Corporation: $225m, Ontario Capital Growth Corporation: $91m, Ontario Immigrant Investor Corporation: $87m, Infrastructure Ontario: $537m, and Ontario Trillium Foundation: $32m. 23. HYD-FP9 (OEFC): The original issue carried an annual coupon of $81 million. These coupons were stripped and restructured as discount notes maturing on April 11 in each year to The principal amount was also restructured as a discount note and will mature on April 11,