Ontario Plans to Sell More Green Bonds, Likes 30-Year Debt Terms
- Canadian province to take advantage of falling bond yields
- Mayman says Ontario not expecting rating upgrade near term
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Ontario plans to sell more green bonds this year and will take advantage of lower yields to issue more 30-year debt, according to the head of the finance authority for the Canadian province.
The drop in yields over the last six months makes 30-year bonds more attractive, after the long-term notes accounted for a quarter of Ontario’s borrowing in public markets last fiscal year.