Canada Pension Sells $1.2 Billion Green Bond in Global First
- CPPIB priced C$1.5 billion of inaugural green bonds due 2028
- This is the largest Canadian green bond offered in single sale
Photographer: Yuzuru Yoshikawa/Bloomberg
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Canada Pension Plan Investment Board went green with a bang.
The pension fund, which boasts the highest credit score at the three largest rating firms, priced C$1.5 billion ($1.15 billion) of green bonds Wednesday in what it called the first green bond sold by a pension fund globally. It was also a record size for a single green bond transaction in Canada, according to Bloomberg data.