May 7, 2015
New Series of Manitoba Builder Bonds Available Soon: Minister Dewar
The next round of Manitoba Builder Bonds will be on sale soon, Finance Minister Greg Dewar announced today.
“Our province is building like never before and Manitoba Builder Bonds give Manitobans the opportunity to invest in our province’s infrastructure while at the same time saving for their future,” said Minister Dewar.
Manitoba Builder Bonds, Series 15 will be on sale May 19 to June 2.
Builder Bonds are RRSP, RESP and TFSA eligible for self-directed plans to encourage saving for the future whether that be retirement or for a child’s post-secondary education, the minister noted. They will be issued in denominations starting at $100 to ensure that all Manitobans have an opportunity to invest, he said.
The three investment alternatives for Manitoba Builder Bonds, Series 15 are:
- Floating rate bond with a five-year term and an interest rate adjusted annually to reflect current market conditions. These bonds will pay interest annually and will be redeemable annually.
- Three-year fixed rate bond with a fixed interest rate for the term. These bonds will pay interest annually and will not be redeemable until maturity.
- Five-year fixed rate bond with a fixed interest rate for the term. Purchasers may select either annual or compound interest and the bond will not be redeemable until maturity.
On May 19, Builder Bonds will be available throughout the province at banks, trust companies, investment dealers, credit unions and caisse populaires.
Dewar noted that prior to the bonds going on sale, interest rates for Builder Bonds Series 15 will be announced. Rates will also be announced for the outstanding floating rate bonds for Builder Bonds Series 13 and 14 as well as Manitoba HydroBonds Series 11 and 12.
Further information can be obtained by calling the toll-free information line at 1-800-565-0350.
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