Vancouver, BC introduces Canada's first sustainability bond to fund eco-friendly improvements

Vancouver, BC Sustainability Bond Eco-Friendly Improvements

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The $100 million CAD bond issue is the first use of the Sustainability Bond Framework approved in 2020. Investors benefit from a 2.3% coupon rate while supporting Vancouver's green renewal efforts. Local officials use bond proceeds for projects included in the 2019-2022 capital plan that reduce emissions and improve public services. This bond campaign also reduces the need for increased taxes and fees to cover climate resiliency goals.

Finance Economic Development Infrastructure Capital/Infrastructure Projects Resiliency

Vancouver, BC

City in British Columbia

Canada

Attachments

Sustainability Bond Framework

65.20KB

Newsworthy

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The City of Vancouver has issued its first sustainability bond offering of $100 million for environmentally and socially sustainable projects.