Toronto – The City of Toronto has issued a $100 million green bond to help finance transformative climate action projects with an all-in cost of 4.972 per cent. The transaction is a reopening of the green bond originally issued in November 2022 and brings the total to $400 million. This marks the sixth time the City has issued a green …
Toronto’s 2nd debenture of year issued to fund capital projects
Toronto – The City of Toronto issued its debenture for $335 million to help finance key capital projects. This is the City’s second public debenture issuance this year. This conventional bond issue has an all-in cost of 4.329 per cent, a coupon interest rate of 4.25 per cent, and a 10-year maturity of July 11, 2033. The proceeds from this …