Canada returns to green bond market with inclusion of nuclear power
![Canada returns to green bond market with inclusion of nuclear power](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/02/1116.jpg)
Canada is re-entering the sustainable debt market, marking its first issuance since the government amended its sovereign green finance framework last November to include nuclear power.
The bonds, set to mature in 10 years, are anticipated to yield slightly less than a Canada bond due December 2033.
We issued Canada’s first green bonds yesterday and the reaction from investors was extraordinary!
— Rachel Bendayan (@RachelBendayan) March 23, 2022
Over $ 11 billion in bids for a $ 5 billion dollar bond issuance.
Investors are ready to continue our green and #JustTransition, and so is our government!
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This issuance reflects Canada’s commitment to green financing, with funds designated for eligible green expenditures outlined in the framework.
This move follows Canada’s initial foray into green bonds in March 2022, which excluded nuclear energy from its financed activities.
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