Province of Ontario Green Bonds
As the first Canadian province to issue Green Bonds, Ontario is leading the way to establish and develop a Canadian dollar Green Bond market with investor participation from around the world. Ontario’s Green Bonds will capitalize on the Province’s ability to raise funds at low interest rates and serve as an important tool to help Ontario finance transit and other environmentally friendly projects across the Province.
On October 2, 2014, Ontario successfully launched a Green Bond program, with an inaugural global Canadian dollar bond of $500 million. On January 22, 2016, Ontario launched a second global Canadian dollar bond of $750 million. On January 26, 2017, Ontario launched an $800 million re-opening of its January 2023 Global Green Bond. On January 25, 2018 the Province of Ontario successfully priced a $1 billion Global Green Bond.