Market Insights

Global green bond issuance hit a record high last year, and a record transaction in Canadian dollars by a pioneer in the space is a sign of the growing demand in Canada as well.

The European Investment Bank (EIB), the lending arm of the European Union, last month issued the largest-ever seven-year climate awareness bond in Canadian dollars by a foreign entity, also known as a Maple Green Bond.

Close to half of the orderbook, in excess of $1.4-billion, was placed into Canada, signalling that the EIB’s stringent approach for what qualifies as green projects was appealing to domestic investors. 

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