Business · Markets · 2 days ago

Canada raises $2 billion in its latest green-bond issue

Canada raises $2 billion in its latest green-bond issue

Canada’s federal government has raised $2 billion by selling 10-year green bonds.

The money is intended to support conservation projects and environmentally friendly infrastructure.

Investors placed orders for $1.6 billion more in bonds than were available.

The government said 44 per cent of buyers are classified as environmentally or socially conscious investors.

This was Ottawa’s second $2-billion green-bond offering this year.

Since the program began in 2022, it has raised $19.5 billion in total.

The program aims to attract investment for climate and environmental projects and help develop Canada’s sustainable finance market.

Sources

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