Skip to Content
View site list


Pre-Bid Projects

Pre-Bid Projects

Click here to see Canada’s most comprehensive listing of projects in conceptual and planning stages


Province to issue second green bond

DCN News Service
Province to issue second green bond

TORONTO—Ontario is expected to issue its second green bond, at a minimum of $500 million in size, by March 31 as a way to fund environmentally friendly infrastructure projects.

The bonds will also capitalize on the province’s ability to raise funds at low interest rates, a release explains.

Green bonds were established by the World Bank in 2008 and are a tool used to raise capital for projects with specific environmental benefits. Ontario’s green bonds are issued globally, primarily to institutional investors.

Ontario was the first province in Canada to develop and sell green bonds in 2014. There was strong demand for the first green bond with orders approaching $2.4 billion for $500 million in bonds from investors in Canada, the United States, Europe and Asia, the release continues.

Ontario’s Green Bond Framework outlines project categories eligible for consideration for green bonds. Typically projects in the following sectors are considered: clean transportation, energy efficiency and conservation, clean energy and technology, forestry, agriculture and land management, climate adaptation and resilience.

The Eglinton Crosstown LRT line was the first project to receive funding from the inaugural green bond issue.

The province notes this bulletin is not an offer of securities for sale in the United States.

"Securities may not be offered or sold in the United States absent registration or an exemption from registration," it states.

Follow @DCN_Canada for more construction industry updates.

Recent Comments

comments for this post are closed

You might also like