Ontario Plans to Issue First Green Bond From Canadian Province This Year

摘要

Ontario will issue the first green bond from a Canadian province in the second quarter, the financing chief for the province said May 1. Gadi Mayman, chief executive officer of the Ontario Financing Authority, said the province has met with its 12 regular underwriters of Canadian dollar bonds and has asked for assessments of the environment projects the bond will fund. "We expect to do it in the next couple of months depending on market conditions," Mayman said in the province's budget lock-up May 1. "We are working internally to gather all the projects it will be financing." Ontario Premier Kathleen Wynne unveiled plans to sell green bonds in October to tap a global market that Toronto-Dominion Bank estimates at $95 trillion. The debt is similar to traditional bonds, except that their proceeds are exclusively used to finance approved environmental projects.