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Saskatchewan Province Of – ‘18-K’ for 3/31/22

On:  Friday, 12/30/22, at 10:23am ET   ·   For:  3/31/22   ·   Accession #:  1193125-22-315224   ·   File #:  33-36597

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/30/22  Saskatchewan Province Of          18-K        3/31/22    5:4.9M                                   Donnelley … Solutions/FA

Annual Report by a Foreign Government or Political Subdivision   —   Form 18-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 18-K        Annual Report by a Foreign Government or Political  HTML     36K 
                Subdivision                                                      
 2: EX-99.1     Miscellaneous Exhibit                               HTML   1.33M 
 3: EX-99.2     Miscellaneous Exhibit                               HTML   1.50M 
 4: EX-99.4     Miscellaneous Exhibit                               HTML    184K 
 5: EX-99.5     Miscellaneous Exhibit                               HTML    311K 


‘18-K’   —   Annual Report by a Foreign Government or Political Subdivision


This is an HTML Document rendered as filed.  [ Alternative Formats ]



  18-K  

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSIONS

Washington, D.C. 20549

 

 

FORM 18-K

 

 

For Foreign Government and Political Subdivisions Thereof

ANNUAL REPORT

Of

PROVINCE OF SASKATCHEWAN CANADA

(Name of Registrant)

 

 

Date of end of last fiscal year: March 31, 2022

 

 

SECURITIES REGISTERED*

(As of close of fiscal year)

 

 

 

 

Title of issue  

Amounts as to

Which registration

Is effective

 

Names of

Exchanges on

Which registered

N/A   N/A   N/A

 

 

Names and addresses of persons authorized to receive notices

and communications from the Securities and Exchange Commission:

KHAWAR NASIM

Consulate General of Canada

466 Lexington Avenue, 20th Floor

New York, New York 10017

(Name and Address of Authorized Agent in the United States)

 

RODNEY F. BALKWILL    CHRISTOPHER J. CUMMINGS
Executive Director, Treasury Management Branch    Paul, Weiss, Rifkind, Wharton & Garrison LLP
Province of Saskatchewan    Toronto-Dominion Centre
2350 Albert Street, 6th Floor    77 King Street West, Suite 3100, P.O. Box 226
Regina, SK S4P 4A6    Toronto, ON Canada M5K 1J3
(306) 787-9473    (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 modification, 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 and amortization installment. The title and the material provisions of any law, decree or administrative action, not previously reported.

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 the foreign currency it should not be included under this paragraph (a), but under paragraph (b) of this item.)

Reference is made to pages 35-37 of Exhibit 99.1 hereto.

 

  (b)

External funded debt of the Registrant (Totals to be stated in respective currencies in which payable. No statement need be furnished as to the intergovernmental debt.)

Reference is made to pages 36-37 and 50-52 of Exhibit 99.1 hereto.

 

3.

A statement giving the title, date of issue, date of maturity, interest rate and amount of 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 pages 50-52 of Exhibit 99.1 hereto.

 

4.      (a)

As to each issue of securities of the Registrant which is registered, there should be furnished a breakdown of the total amount outstanding, as shown in Item 3, into the following:

 

  (1)

The amount held by or for the account of the Registrant.

None.

 

ii


  (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 to be furnished only if it is practicable to do so.

Not practicable to furnish.

 

  (3)

Total amount otherwise outstanding.

None.

 

  (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 total internal floating indebtedness of the registrant at March 31, 2022, was CAD$1,643.0 million, which represents the portion of external floating indebtedness subsequently advanced to Government Business Enterprises.

 

  (b)

External floating indebtedness of the Registrant. (Total to be stated in the respective currencies in which payable.)

The total external floating indebtedness of the registrant at March 31, 2022, was CAD$3,372.8 million. Reference is made to page 39 of Exhibit 99.1 and page 54 of Exhibit 99.2 hereto.

 

6.

Statement 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.

Reference is made to pages 26-27 and 30 of Exhibit 99.1 hereto.

 

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 reported.

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.

 

iii


This Annual Report comprises:

 

(a)

The cover page and pages numbered ii to vi consecutively.

 

(b)

The following exhibits:

 

  99.1

Province of Saskatchewan Current Description;

 

  99.2

Volume 1 of the Public Accounts for the registrant for the year end March 31, 2022;

 

  99.3

Saskatchewan Provincial Budget 2022-23 (incorporated by reference to the section entitled “Annex A—2022-23 Provincial Budget” of the prospectus supplement in the Registrant’s Registration Statement on Schedule B (No. 333-261291));

 

  99.4

Saskatchewan First Quarter Financial Report 2022-23; and

 

  99.5

Saskatchewan Mid-Year Report 2022-23.

This Annual Report is filed subject to the Instructions for Form 18-K for Foreign Government and Political Subdivisions thereof.

 

iv


EXHIBIT INDEX

 

Exhibit
Number

  

Description

99.1    Province of Saskatchewan Current Description.
99.2    Volume 1 of the Public Accounts for the registrant for the year end March 31, 2022;
99.3    Saskatchewan Provincial Budget 2022-23 (incorporated by reference to the section entitled “Annex A— 2022-23 Provincial Budget” of the prospectus supplement in the Registrant’s Registration Statement on Schedule B (No. 333-261291));
99.4    Saskatchewan First Quarter Financial Report 2022-23; and
99.5    Saskatchewan Mid-Year Report 2022-23.

 

v


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, thereto duly authorized, at Regina, Saskatchewan, on the 30th day of December, 2022.

 

Province of Saskatchewan
By:  

/s/ Rod Balkwill

Rod Balkwill
Executive Director, Treasury Management Branch

 

vi


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘18-K’ Filing    Date    Other Filings
Filed on:12/30/22None on these Dates
For Period end:3/31/22
 List all Filings 


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/03/22  Saskatchewan Province Of          424B2                  1:11M                                    Donnelley … Solutions/FA
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