Skip to content
Subscriber Only

Canada Hires HSBC and TD for Its Debut Green Bond Sale

  • The banks will advise on country’s green bond framework
  • Sale could have a positive effect on overall market: banker
Bay Street As Canada Stocks Retreat As Investors Eschew Pot, Shopify Tumbles
Photographer: Brent Lewin/Bloomberg
Updated on

Canada hired HSBC Holdings Plc and Toronto-Dominion Bank for its inaugural sale of green bonds, joining other nations including the U.K. and Germany in pursuing environmentally-friendly debt issuance.

The banks will advise on the design of Canada’s green bond framework, assist in the development of an ongoing program and support the debut issuance, according to statements released Monday. The country may seek to raise C$5 billion ($4.1 billion) through the sale, the government said in April.