Canadian Government Raises $1.4 Billion With New 10-Year Green Bond

By Robb M. Stewart OTTAWA--Canada's government raised 2 billion Canadian dollars (US$1.4 billion) with the sale of its seventh green bond. The Department of Finance priced the 10-year Canadian dollar-denominated bond as part of the government's effort to unlock private capital to help speed up projects such as nature conservation and environment-focused infrastructure. The issuance saw strong demand from investors, with the final order book standing at more than C$3.6 billion, the department said. The latest offering increases the amount of green bonds issued by the federal government since March 2022 to C$19.5 billion. The government has committed to regular green bond issuances, which are used to fund programs aimed at growing the economy and creating jobs across the country. The green bond program was launched in early 2022 to help drive investments in renewable energy, climate action and environmental protection as part of a strategy to achieve net-zero emissions by 2050. Write to Robb M. Stewart at robb.stewart@wsj.com (END) Dow.