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Toronto becomes second Canadian city to issue a green bond

18
Jul

  Toronto’s 30-year, $300-million green bond brings a financial benefit: the yield (3.213 per cent based on a 3.20 per cent coupon) required to clear the market was a tad lower than what a traditional debenture would have cost. The city has determined that savings of about $600,000 (in present value terms) resulted from the […]