Canada to Issue Third Green Bond
Ottawa, Ontario – February 18, 2025 – The Government of Canada announced today that it will issue its third green bond in the amount of CAD 5 billion. The bond will be issued on March 8, 2025, and will mature on March 8, 2035.
The proceeds from the bond will be used to finance eligible green projects, such as renewable energy, energy efficiency, and sustainable transportation. The Government of Canada has committed to issuing at least CAD 5 billion in green bonds each year until 2026.
“Green bonds are an important part of our plan to build a more sustainable future for Canada,” said Finance Minister Chrystia Freeland. “By investing in green projects, we are helping to reduce greenhouse gas emissions, create jobs, and support the transition to a clean economy.”
The Government of Canada’s green bond program is part of its broader commitment to environmental sustainability. The government has set a target of reducing greenhouse gas emissions by 40-45% below 2005 levels by 2030.
The green bond will be issued through a syndicate of banks led by Scotiabank, TD Securities, and RBC Capital Markets. The bond will be available for purchase by institutional investors and retail investors.
Additional Information
- The green bond will have a coupon rate of 2.5%.
- The bond will be callable after 10 years.
- The bond will be rated AAA by Standard & Poor’s and Moody’s Investors Service.
- The bond will be listed on the Toronto Stock Exchange.
For more information on the Government of Canada’s green bond program, please visit the following website: www.canada.ca/en/department-finance/programs/debt-management/green-bonds.html
Canada to issue third green bond
The AI has provided us with the news.
I asked Google Gemini the following question.
Canada All National News a new article on 2025-02-18 15:47 titled “Canada to issue third green bond”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
27