CITY OF OTTAWA PRICES CANADA’S FIRST MUNICIPAL GREEN BOND – TERM SHEET
The City of Ottawa priced its first green bond offering, raising C$102 million ($79.6 million) of a 3.25 percent bond that matures in November 2047, a term sheet seen by Reuters showed on Thursday.
The deal, which is the first municipal sale in Canada of the climate friendly debt, was priced at a spread of 97 basis points over the Government of Canada benchmark, the terms showed.