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        • Debt Management

Debt Management

Responsibilities

The Debt Management Division is responsible for the:

• Capital Markets and Financial Assistance Programs, which includes:
  • Coordinating and implementing the administration of the province’s loan guarantee programs including:
    • Corporate Municipal Fishing Vessels Crown Corporations
  • Administering several Crown corporations including:
    • Newfoundland & Labrador Municipal Financing Corporation (NMFC)
    • Newfoundland & Labrador Industrial Development Corporation (NIDC)
  • Planning and implementing the annual capital markets borrowing program for the province
  • Managing the province’s treasury bill program
  • Cash management and short term investment/borrowing activity
  • Research and analysis of the province’s debt and financial position
  • Developing presentations for credit rating agencies
  • Advising and assisting government departments and agencies in evaluating alternate means of financing
• Debt servicing and financial risk, which includes:
  • Servicing the direct debt of the province
  • Management of sinking funds for the direct debt of the province, and guaranteed debt of NMFC and Eastern Health Authority
  • Management of financial risk associated with the province’s direct debt portfolio

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