Canada to issue third green bond

Canada has announced its plan to issue its third Canadian-dollar-denominated green bond this week, subject to market conditions. This follows the successful issuance of a 10-year, $4 billion green bond issued in February 2024, which was reopened in October 2024 for an additional $2 billion. This week’s issuance will be the second in fiscal year 2024-25, as outlined in Budget 2024, and supports Canada’s green bond program that mobilizes capital for projects aimed at achieving net-zero emissions by 2050.