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.

Learn more at https://www.reuters.com/article/canada-bonds-green/city-of-ottawa-prices-canadas-first-municipal-green-bond-term-sheet-idUSL2N1N81FP