Canada says considering issuing more ultra-long bonds

OTTAWA (Reuters) - Canada is considering issuing more long bonds with a 50-year maturity, the country's department of finance said on Wednesday. "The government of Canada is considering issuing more ultra-long bonds, subject to favorable market conditions, through a reopening of the 2.75 percent Government of Canada bond maturing on December 1, 2064 using a syndicated process," it said in a statement. It said issuing ultra-long bonds contributes to a reduction in the refinancing risk at a low cost. (Reporting by Randall Palmer; Editing by Diane Craft)