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News Release
October 9, 2014
Nearly $2.4 Billion in Orders for the $500 Million Offering
Ontario has successfully launched a green bond program with a bond issue of $500 million, making it the first government in Canada to issue green bonds.
There was strong demand for Ontario's first green bond, with orders approaching $2.4 billion from green investors in Canada as well as in the United States, Europe and Asia.
This first issue secures Ontario's presence in the green bond market and brings visibility to the province by encouraging investments in sustainable projects and attracting new investors.
Ontario's green bond program will help finance transit and other environmentally-friendly infrastructure projects across the province, supporting job creation and strengthening the economy. The Eglinton Crosstown LRT has been selected as the green project that will receive funding from the inaugural issue.
The province's green bond program is part of the government's economic plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives, and building a secure savings plan so everyone can afford to retire.
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