Ontario Eyes Sustainable Debt After Record Loonie Green Bond
- The province issued C$2.75 billion of eight-year green bonds
- Ontario has raised around 39% of its current borrowing plan
Ontario, Canada’s largest issuer of green bonds, may add sustainable debt offerings to its supply of environmental, social, governmental labeled securities amid increasing demand for such investments.
Photographer: James MacDonald/BloombergOntario, Canada’s largest issuer of green bonds, may add sustainable debt offerings to its supply of environmental, social, governmental labeled securities amid increasing demand for such investments.
“The province will continue to monitor developments related to sustainable bonds, and may consider issuing in the future,” Scott Blodgett, a spokesperson for the Ontario Ministry of Finance, said in an email. “Although Ontario funds projects which have both environmental and social benefits (e.g. hospitals), the province is focused on green bonds.”