Quebec Sells Green Bonds Amid Worst Wildfires on Record
Smoke from wildfires as a water taxi leaves the Old Port of Montreal in Montreal, Quebec, Canada, on Monday, June 6, 2023. Quebec, whose wildfires have darkened the New York skyline is marketing green bonds back at home.
Photographer: Allen McInnis/BloombergThis article is for subscribers only.
Quebec, whose wildfires have darkened the New York skyline and spread an orange haze from Massachusetts to South Carolina, sold green bonds back at home.
The French-speaking province raised C$600 million ($449 million) by tapping its green bonds maturing in November 2032 at a spread of 68 basis points over Canada’s government bonds, according to people with knowledge of the matter. The notes were earlier marketed at a spread of around 68.5 basis points.