UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 18-K
For Foreign Governments and Political Subdivisions Thereof
ANNUAL REPORT
of
PROVINCE OF ALBERTA
CANADA
(Name of Registrant)
Date of end of last fiscal year: March 31, 2024
SECURITIES REGISTERED *
(As of close of fiscal year)
| Title of Issue | Amounts as to which registration is effective | Names of exchanges on which registered | ||
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|
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N/A | N/A | N/A |
Names and addresses of persons authorized to receive notices
and communications from the Securities and Exchange Commission:
James Rajotte
Alberta’s Senior Representative to the United States
Alberta Washington D.C. Office
Canadian Embassy
501 Pennsylvania Avenue N.W.
Washington, D.C. 20001
Phone: 202-448-6475
Copies to:
LOWELL EPP Assistant Deputy Minister, Treasury and Risk Management Treasury Board and Finance 8th fl Federal Building, 9820 — 107 Street Edmonton, Alberta T5K 1E7 (780) 422-4052 | CHRISTOPHER J. CUMMINGS Paul, Weiss, Rifkind, Wharton & Garrison LLP Toronto-Dominion Centre 77 King Street West, Suite 3100 Toronto, ON Canada M5K 1J3 (416) 504-0520 |
*The Registrant is filing this annual report on a voluntary basis.
The information set forth below is to be furnished:
| 1. | In respect of each issue of securities of the registrant registered, a brief statement as to: |
| (a) | The general effect of any material modifications, not previously reported, of the rights of the holders of such securities. |
None.
| (b) | The title and the material provisions of any law, decree or administrative action, not previously reported, by reason of which the security is not being serviced in accordance with the terms thereof. |
None.
| (c) | The circumstances of any other failure, not previously reported, to pay principal, interest, or any sinking fund or amortization installment. |
None.
| 2. | A statement as of the close of the last fiscal year of the registrant giving the total outstanding of: |
| (a) | Internal funded debt of the registrant. (Total to be stated in the currency of the registrant. If any internal funded debt is payable in a foreign currency, it should not be included under this paragraph (a), but under paragraph (b) of this item.) |
Reference is made to Exhibit 99.3 hereto.
| (b) | External funded debt of the registrant. (Totals to be stated in the respective currencies in which payable. No statement needs to be furnished as to intergovernmental debt.) |
Reference is made to Exhibit 99.3 hereto.
| 3. | A statement giving the title, date of issue, date of maturity, interest rate and amount outstanding, together with the currency or currencies in which payable, of each issue of funded debt of the registrant outstanding as of the close of the last fiscal year of the registrant. |
Reference is made to Exhibit 99.3 hereto.
| 4. | (a) | As to each issue of securities of the registrant which is registered, there should be furnished a break-down of the total amount outstanding, as shown in Item 3, into the following: | ||
(1) Total amount held by or for the account of the registrant.
None.
(2) Total estimated amount held by nationals of the registrant (or if registrant is other than a national government by the nationals of its national government); this estimate need be furnished only if it is practicable to do so.
Not practicable to furnish.
(3) Total amount otherwise outstanding. |
| Date of Maturity | Date of Issue | Interest Rate (%) | Total Amount Otherwise Outstanding | ||||||||
March 15, 2028 | March 15, 2018 | 3.300 | US$ | 1,250,000,000 | ||||||||
November 13, 2024 | November 13, 2019 | 1.875 | US$ | 2,250,000,000 | ||||||||
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| May 20, 2025 | May 20, 2020 | 1.000 | US$ | 2,250,000,000 | |||||||
July 22, 2030 | July 22, 2020 | 1.300 | US$ | 2,000,000,000 | ||||||||
January 24, 2034 | January 24, 2024 | 4.500 | US$ | 1,250,000,000 | ||||||||
June 26, 2029 | June 26, 2024 | 4.500 | US$ | 1,500,000,000 |
| (b) | If a substantial amount is set forth in answer to paragraph (a)(1) above, describe briefly the method employed by the registrant to reacquire such securities. |
Not applicable.
| 5. | A statement as of the close of the last fiscal year of the registrant giving the estimated total of: |
| (a) | Internal floating indebtedness of the registrant. (Total to be stated in the currency of the registrant.) |
The registrant did not have any outstanding internal floating indebtedness outstanding at March 31, 2024. Reference is made to Exhibit 99.3 hereto.
| (b) | External floating indebtedness of the registrant. (Total to be stated in the respective currencies in which payable.) |
The registrant did not have any outstanding external floating indebtedness at March 31, 2024. Reference is made to Exhibit 99.3 hereto.
| 6. | Statements of the receipts, classified by source, and of the expenditures, classified by purpose, of the registrant for each fiscal year of the registrant ended since the close of the latest fiscal year for which such information was previously reported. These statements should be so itemized as to be reasonably informative and should cover both ordinary and extraordinary receipts and expenditures; there should be indicated separately, if practicable, the amount of receipts pledged or otherwise specifically allocated to any issue registered, indicating the issue. |
Certain information concerning revenue and expenditure of the registrant is included in Exhibit 99.1 hereto and is incorporated by reference herein.
| 7. | (a) | If any foreign exchange control, not previously reported, has been established by the registrant (or if the registrant is other than a national government, by its national government), briefly describe the effect of any such action, not previously updated. |
None.
| (b) | If any foreign exchange control previously reported has been discontinued or materially modified, briefly describe the effect of any such action, not previously reported. |
Not applicable.
This annual report comprises:
(a) Pages numbered 2 to 5 consecutively.
(b) The following exhibits:
| 99.1 | 2023-24 Government of Alberta Annual Report. | ||
| 99.2 | 2023-24 Final Results Year-end Report. | |||
| 99.3 | Term Debt Outstanding and Debt Summary. | |||
| 99.4 | Maps of the Province of Alberta’s Location in Canada and the Province of Alberta’s Location in the World (incorporated by reference to the section entitled “Province of | ||
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| Alberta” of the prospectus in the Registrant’s Registration Statement on Schedule B (No. 333-213642)). |
This annual report is filed subject to the Instructions for Form 18-K for Foreign Governments and Political Subdivisions Thereof.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized, at Edmonton, Alberta, Canada on the 3rd day of July, 2024.
| Province of Alberta | ||
| By: | /s/ Laura Spencer | |
| Name: | Laura Spencer | |
| Title: | Executive Director, Treasury Operations, Treasury and Risk Management, Treasury Board and Finance | |
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EXHIBIT INDEX
Exhibit Number | Description | |
| 99.1 | 2023-24 Government of Alberta Annual Report. | |
| 99.2 | 2023-24 Final Results Year-end Report. | |
| 99.3 | Term Debt Outstanding and Debt Summary. | |
| 99.4 | Maps of the Province of Alberta’s Location in Canada and the Province of Alberta’s Location in the World (incorporated by reference to the section entitled “Province of Alberta” of the prospectus in the Registrant’s Registration Statement on Schedule B (No. 333-213642)). | |
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