This week, the Government of Canada successfully issued its inaugural 7.5-year, $5 billion green bond. This transaction fulfills the government's commitment to issue a $5 billion green bond within the fiscal year.
A healthy environment and a healthy economy go hand in hand. This green bond will play an important role in financing the Government of Canada's historic investments in green infrastructure and other projects that will help fight climate change and protect the environment, while also growing Canada's economy and creating new, good-paying jobs across the country.
Canada's inaugural green bond offering saw robust demand from environmentally and socially responsible investors who represented a majority of buyers (72 per cent), as well as from international investors, who made up over 45 per cent of the investor base. The final order book of over $11 billion set a record high for a Canadian dollar green bond offering.
With investors increasingly seeking green investment opportunities backed by triple-A credit ratings-as evident by the final order book of over $11 billion-Canada's successful $5 billion inaugural green bond issuance will help meet that global demand.
