EDC Prices its First Green Bond in Canadian Dollars
September 1, 2017
Export Development Canada (EDC) has priced CAD 500 million 1.80% Fixed Rate Green Bond due September 1, 2022. This offering is scheduled to settle on September 5, 2017.
This is EDC’s first Green Bond being issued in CAD and its fourth Green Bond in recent years, with previous bonds of USD 500M in May 2017, USD 300M in December 2015 and USD 300M in January 2014, each receiving strong support from the green bond investor community.
“Climate change is a priority for EDC and being the first Canadian Crown corporation to issue a Green Bond in CAD demonstrates the increasing demand for sustainable investment products within the Canadian market,” said Ken Kember, Senior Vice President, Finance, and Chief Financial Officer, EDC. “EDC wants to bring our expertise and ability to issue bonds into the Canadian market as a way to attract domestic and international investors to the table and stimulate growth.”
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