Toronto’s 2nd debenture of year issued to fund capital projects

eAwazLocal News

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 …

Funding strategic capital projects

eAwazLocal News

Toronto – The City of Toronto is reopening its debenture offerings for an additional $350 million conventional bond to help finance critical capital projects. This is the City’s first public debenture issuance this year. This conventional bond issue, which is a reopening of a debenture originally issued in May 2022, has an all-in cost of 4.504 per cent, a coupon …