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Overview
Investor relations for the Province of New Brunswick provides financial and economic information about the province to financial markets, investors and the public. It’s designed to help New Brunswickers understand the province’s economic performance, borrowing activities, debt profile and other fiscal data.
Borrowing and debt
Borrowing program and progress
Shows all public long term borrowing done by the province in the current fiscal year. It also highlights any borrowing remaining in the program.
| Fiscal Year – 2025/26 Total (million) |
Fiscal Year – 2025/26 Completed (million) |
Fiscal Year – 2025/26 Remaining (million) |
|
| Long Term Borrowing | 2,435 | 2,825 | -400 |
| Borrowing on behalf of NB Power | 900 | 675 | 225 |
| Total New Brunswick and NB Power | 3,335 | 3,500 | 225 |
| NB Municipal Finance Corporation | 116 | 116 | - |
| Total | 3,451 | 3,616 | 225 |
As of February 20, 2026
Recent public issues
Identifies public long term borrowing done by the province in chronological order.
As of February 20, 2026
Public debt outstanding
Shows all currently outstanding public long term debt of the province, both domestic and foreign.
As of February 20, 2026
Debt portfolio distribution
Breakdown
As of February 20, 2026
Credit ratings
Shows the credit rating of the province assigned by three Credit Agencies. These indicate the credit worthiness of the province.
Province of New Brunswick
| Long-term | Outlook | Short-term | Outlook | |
| Moody's Investors Service | Aa1 | Stable | - | - |
| Standard & Poor's | A+ | Stable | A-1+ | Stable |
| DBRS | A(high) | Stable | R-1 (mid) | Stable |
New Brunswick Municipal Finance Corporation
| Long-term | Outlook | Short-term | Outlook | |
| Moody's Investors Service | Aa1 | Stable | - | - |
| Standard & Poor's | A+ | Stable | - | - |
| DBRS | A(high) | Stable | R-1 (mid) | Stable |
As of February 20, 2026
Risk management
A brief overview of debt management practices and the composition of the Risk Management Committee is provided.
| Type of Risk | Risk Mitigation Strategy | Compliant |
| Foreign Currency Risk | Limit unhedged total foreign currency exposure to 5% of the Principal Amount of Funded Debt for Provincial Purposes. | Yes |
| Debt Program Administration | Total debt issuance cannot exceed the limits established in the respective Orders in Council. | Yes |
| Interest Rate Risk | Limit interest rate resetting risk arising from net floating rate long-term debt exposure and fixed-rate debt maturing within a 12-month period, to no more than 25 per cent of debt. | Yes |
The Treasury Risk Management Committee is responsible for reviewing and approving treasury risk management policies on behalf of the Minister of Finance Treasury Board.
Regulatory Filings and Disclosures
More information
Disclaimer
This information is intended for general information purposes only and does not constitute an offer to sell or a solicitation of offers to purchase securities.
While this information, when posted or released, was believed to be reliable as of its date, no warranty is made as to its accuracy or completeness.
Contact us
Investor Relations
For additional inquiries, you can contact us Monday to Friday between 8:15 a.m. and 4:30 p.m., excluding holidays.
Phone: 506-453-2515
Email: [email protected]