Home
About Us
Investor Relations

Existing Indebtedness

Commercial Paper Program

In November 2004, the Ontario Strategic Infrastructure Financing Authority (now Infrastructure Ontario) commenced issuing notes under a Commercial Paper program. The program is administered by the Ontario Financing Authority (OFA) and is authorized to issue a maximum of $750 million for terms of up to one year. The notes rank equally with Infrastructure Renewal Bonds.

Long Term Debt

Bonds Outstanding
Issue	Amount	Term	Maturity Date (m/d/y)	Interest Rate	Interest Payment	Summary of Offering
IRB 2005-A1	$650,000,000.00	10 yrs	06/01/2015	Fixed 4.60% p.a.	Semi-annual	Terms
IRB 2007-A1	$300,000,000.00	30 yrs	06/01/2037	Fixed 4.70% p.a	Semi-annual	Terms
IRB 2008-A1	$300,000,000.00	5 yrs	06/03/2013	Fixed 3.95% p.a	Semi-annual	Terms
TOTAL	$1,250,000,000.00

OIPC Bonds Issued to the Province of Ontario
Issue	Amount	Term	Settlement Date	Maturity	Interest Payment	Summary of Offering
PB 2009 B-1	$100,000,000.00	10 yrs	11/19/2009	06/02/2019	Semi-annual	Subordinated Bonds *
PB 2010 B-2	$50,000,000.00	5 yrs	01/13/2010	09/08/2014	Semi-annual	Subordinated Bonds *
PB 2010 B-3	$50,000,000.00	30 yrs	01/20/2010	06/02/2039	Semi-annual	Subordinated Bonds *
PB 2010 B-4	$75,000,000.00	10 yrs	02/23/2010	06/02/2020	Semi-annual	Subordinated Bonds *
PB 2010 B-5	$50,000,000.00	30 yrs	03/09/2010	06/02/2039	Semi-annual	Subordinated Bonds *
PB 2010 B-6	$25,000,000.00	5 yrs	03/09/2010	09/08/2015	Semi-annual	Subordinated Bonds *
PB 2010 B-7	$100,000,000.00	10 yrs	04/22/2010	06/02/2020	Semi-annual	Subordinated Bonds *
PB 2010 B-8	$75,000,000.00	30 yrs	04/29/2010	06/02/2039	Semi-annual	Subordinated Bonds *
PB 2010 B-9	$50,000,000.00	30 yrs	05/14/2010	06/02/2039	Semi-annual	Subordinated Bonds *
PB 2010 B-10	$50,000,000.00	10 yrs	05/18/2010	06/02/2020	Semi-annual	Subordinated Bonds *
PB 2010 B-11	$50,000,000.00	10 yrs	08/30/2010	06/02/2020	Semi-annual	Subordinated Bonds *
PB 2010 B-12	$50,000,000.00	30 yrs	09/30/2010	06/02/2041	Semi-annual	Subordinated Bonds *
PB 2010 B-13	$50,000,000.00	10 yrs	10/07/2010	06/02/2020	Semi-annual	Subordinated Bonds *
PB 2010 B-14	$50,000,000.00	10 yrs	10/18/2010	06/02/2020	Semi-annual	Subordinated Bonds *
PB 2010 B-15	$50,000,000.00	30 yrs	11/09/2010	06/02/2041	Semi-annual	Subordinated Bonds *
PB 2010 B-16	$100,000,000.00	5 yrs	12/10/2010	09/08/2015	Semi-annual	Subordinated Bonds *
PB 2010 B-17	$35,000,000.00	30 yrs	01/24/2011	06/02/2041	Semi-annual	Subordinated Bonds *
PB 2010 B-18	$40,000,000.00	5 yrs	02/16/2011	09/08/2016	Semi-annual	Subordinated Bonds *
PB 2010 B-19	$50,000,000.00	10 yrs	04/15/2011	06/02/2021	Semi-annual	Subordinated Bonds *
PB 2010 B-20	$75,000,000.00	30 yrs	04/25/2011	06/02/2041	Semi-annual	Subordinated Bonds *
PB 2010 B-21	$35,000,000.00	10 yrs	05/03/2011	06/02/2021	Semi-annual	Subordinated Bonds *
TOTAL	$1,210,000,000.00

*Subordinated Bonds
OIPC Provincial Bonds will be subordinated obligations of Infrastructure Ontario and will rank behind all other existing and future unsubordinated and unsecured public debt of Infrastructure Ontario.

Ontario Opportunity Bonds (OOB) - Matured May 6, 2008

The Ontario Opportunity Bonds issued on May 6, 2003 matured on May 6, 2008. Payments to investors were made directly into the same account where interest was paid to the investor.

For ongoing inquiries regarding the payment of interest and principal, please contact CIBC Mellon at 1-800-387-0825

For ongoing inquiries regarding tax refunds related to interest paid on the Ontario Opportunity Bonds, please contact the Revenue Division of the Province of Ontario at 905-433-5960

We would like to thank all investors for their support of the OSIFA loan program of Infrastructure Ontario.

Infrastructure Renewal Bonds (IRB)

Infrastructure Ontario issues Infrastructure Renewal Bonds to finance the long term portion of its ongoing loan program. Infrastructure Renewal Bonds can be located on Bloomberg under the ticker symbol OIPC or the description of Infrastructure Ontario. Infrastructure Renewal Bonds are a senior unsecured obligation of Infrastructure Ontario and rank equally with all other series of Infrastructure Renewal Bonds and Ontario Opportunity Bonds.

Provincial Bonds (PB)

On July 2009, an Order in Council was approved to allow the Province to issue bonds in order to make loans to OIPC on a subordinated basis *

Subordinated Loans (Initial Reserve Funding)

Under the authority of the former Ontario Strategic Infrastructure Financing Authority Act, OSIFA (now Infrastructure Ontario) was provided with $1 billion through a subordinated 50-year loan from the Province of Ontario with repayment of principal due on March 31, 2053 and with an additional $120 million through a subordinated 20-year loan from the Ontario Clean Water Agency (OCWA) with repayment of principal due on March 1, 2023.

Lines of Credit

Infrastructure Ontario maintains lines of credit with Canadian chartered banks to facilitate clearing and settlement and also maintains a revolving line of credit with the OFA to fund expenses related to assigned AFP projects. These facilities are managed to a minimum on a day to day basis.

The revolving line of credit with the OFA is subordinated to the senior unsecured obligations of Infrastructure Ontario. Repayment is made from recoveries of project costs from project sponsors.