Canada Capitalizes on Climate Finance with $2-Billion Green Bond Success
The federal government has raised $2-billion in its latest issue of green bonds targeting investments in conservation projects and environmentally friendly infrastructure, it said on Friday.
The issue of 10-year bonds was oversubscribed by $1.6-billion, according to a government news release. It said 44 per cent of the buyers are classified as environmentally or socially conscious investors, it said.
It was Ottawa’s second such $2-billion offering this year, and increases the total raised since the green-bond program started in 2022 to $19.5-billion.
The program is aimed at attracting capital for climate and environmental ventures and helping to develop the country’s sustainable finance market, the government said.
This article was first reported by The Globe and Mail
