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A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

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Investor Relations

Investors from across Canada and around the world are able to invest in Saskatchewan through bonds issued by the provincial government. The government uses the funds raised as part of its financing activities.

To help ensure that potential investors are well-informed about the current economic situation and forecasts in Saskatchewan, the following documents are made available:

  1. Borrowing Strategy and Issuance Documents
  2. Investor Presentations and Resources
  3. Provincial Budget and Financial Reporting
  4. Environmental, Social and Governance
  5. Credit Ratings
  6. Disclosure Notice
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1. Borrowing Strategy and Issuance Documents

Borrowing Strategy

2026-27 Budget Alt text: Borrowing Strategy Pie Chart with individually coloured sections. Gross Debt Outstanding as at March 11, 2026. Public (CAD) 75 per cent, Private (CAD) 1 per cent, Promissory Notes (CAD) 4 per cent, Public (USD) 7 per cent, Public (CHF) 2 per cent, Private (EUR) 1 per cent, Public (EUR) 10 per cent.

Saskatchewan’s public borrowing program has historically been anchored in the Canadian domestic market, which continues to serve as the Province’s primary source of funding. In recent years, the Province has broadened its market access by increasing issuance in international markets. As part of its strategic framework, Saskatchewan seeks to maintain approximately 25 per cent of its total outstanding debt in international markets.

Domestic borrowing is generally concentrated in 10-year and 30-year sectors, reflecting the Province’s preference for longer-dated maturities that align with the long-term nature of capital investments undertaken by both Executive Government and Crown Corporations. While the overall maturity profile remains long, the average term of debt has decreased over the past five years, primarily due to increased use of shorter-dated international issuance.

To maintain a consistent presence in international markets, the Province anticipates issuing in the USD and/or EUR markets every 12 to 18 months, subject to borrowing requirements and market conditions. Issuance in additional currencies will be considered on an opportunistic basis, typically in smaller transaction sizes and at longer tenors.

All international borrowings are fully hedged to fixed-rate Canadian dollar liabilities using derivative instruments.

Saskatchewan maintains a target cash balance of approximately $1.5 billion to support ongoing liquidity requirements. Additional sources of liquidity include authorization to issue up to $4.0 billion in short-term notes and access to a $3.6 billion government bond fund, which can be liquidated if primary debt market access becomes constrained.

Borrowing Plan

2026-27 Budget Alt text: On the left is the Annual Term Borrowing Requirements bar graph in billions of dollars showing the requirements in different shades of green reflecting Refinancing, New taxpayer-supported borrowing and New self-supported borrowing. Previous actual borrowings were $3.5 for 2021-2022, $2.1 for 2022-23, $2.9 for 2023-24, $4.9 for 2024-25 and forecast for 2025-26 is $5.0. Budgeted annual borrowing requirement for 2026-2027 is $4.8 and Medium-term forecast is $5.8 for 2027-28, $4.8 for 2028-29 and $4.6 for 2029-30. On the right is the 2026-2027 Budget forecast for Term vs Short-term borrowing pie chart in millions of dollars - $4,836 for Term Borrowing and $500 for increase in short term borrowing.

2026-27 Budget Alt text: Borrowing Requirements by Entity (table) for Budget 2026-27 with comparison to 2024-25 actuals and 2025-26 Budget and Q3 forecast. All amounts in millions of dollars. 2026-27 Budget for Refinancing is $1,683.7 ($1,485.7 for 2025-26 Q3, $1,498.5 for 2024-25 Budget and $1,461.9 for 2024-25 actuals). 2026-27 Budget borrowing forecast for New taxpayer-supported borrowing is $2,450 ($2,704.5 for Q3 2025-26, $1,498.5 for 2025-26 Budget and $2,530.7 for 2024-25 actuals) and for New self-supported borrowing is $1,201.8 ($1,648.6 for Q3 2025-26, $775.6 for 2025-26 Budget and $940.8 for 2024-25 actuals). Total borrowing requirements forecast as per 2026-27 Budget is $5,335.5 million ($5,838.8 for Q3 2025-26, $4,043.4 for 2025-26 Budget and was $4,933.4 for 2024-25 actuals). These will be funded by short-term and term borrowing.

Debt Issuance Documents

Recent Term Debt Issuances

Term Debt Outstanding as of March 31, 2025

Euro Medium Term Notes Programme (EMTN)

Press release - €1.00 Billion Benchmark Issuance (September 24, 2035)

Press release - €1.25 Billion Benchmark Issuance (May 8, 2034)

Saskatchewan Offering Circular

Regulatory Filings and Listings

Provided for your convenience are the following links to the Province of Saskatchewan’s information made available on external sites:

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2. Investor Presentations and Resources

Investor Fact Sheet

The Investor Fact Sheet lists key points of Saskatchewan's fiscal overview, debt information, borrowing requirements and economic forecasts.

Investor Presentation

The Investor Relations Presentation comprehensively overview Saskatchewan’s economy, economic forecasts, and environmental sustainability.

Saskatchewan’s economy and statistics

Saskatchewan's Dashboard opens a window into what's going on in the province. Key economic indicators such as capital investment, gross domestic product, consumer price index, business industry, trade, employment and labour market statistics, and housing and construction data can be accessed.

The Saskatchewan Bureau of Statistics is the province's statistical agency.

The Bureau is part of Canada's national statistical system. In conjunction with our Federal, Provincial and Territorial partners, the Bureau participates in the co-ordination of statistical activity within the country and represents Saskatchewan's interests within the system.

Learn more about Saskatchewan's competitive advantages and investment opportunities in key sectors of our economy.

Government of Saskatchewan News

Find articles, photos and videos for recent news and media events. Search for past press releases by accessing provincial news media.

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3. Provincial Budget and Financial Reporting

Saskatchewan Budget

Provincial Budget Documents and Backgrounders

Quarterly and Mid-Year Reports

Public Accounts

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4. Environmental, Social and Governance

Saskatchewan has some of the highest-quality and sustainably produced food, fuel and fertilizer that a growing world needs. Visit Sustainable Saskatchewan to learn more about the province's sustainable resources, environmental stewardship, community support and clean energy.

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5. Credit Ratings

Investors are especially interested in the province's long-term and short-term credit ratings, as determined by the major credit rating agencies:

Credit rating agency for Moody's (Aa1), S&P Global (AA), Morningstar DBRS (AA(low) and Fitch (AA). All trends are stable.
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6. Disclosure Notice

This information is intended as general information only and does not constitute an offer to sell or a solicitation of offers to purchase securities. The information posted on this site and linked sites is accurate at the time of posting but may be superseded by subsequent public disclosures.

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