February 2, 2017 /3BL Media/ – On January 26, 2017, TD Securities acted as a joint lead for the Province of Ontario’s third – and largest – green bond. At $800 million this is the largest issuance of a Canadian dollar green bond to date.
Over the last seven years, the growth of the green bond market has boomed – with more than $150 billion in issuances since 2010, according to Bloomberg.
This is the second Ontario green bond that TD has participated in, and is a strong example of TD’s commitment to supporting the transition to a low-carbon economy.
In 2014, TD was the first commercial based bank in Canada to issue a green bond. The bank is also a significant player in the green bond market, participating in $7.54 billion (CAD) of green bond underwriting since 2010.
TD’s Green Bond is aligned to the International Capital Market Association’s Green Bond Principles, and proceeds from TD’s $500-million, three-year bond, are allocated to:
- Renewable energy generation: investments that help supply energy from renewable and low carbon sources.
- Energy efficiency and management: investments that help reduce energy consumption or help manage and store energy.
- Green infrastructure and sustainable land use: investments that support conservation, sustainable land, waste or management and enhance climate resiliency.
To learn more about TD’s green bond, visit: td.com.
KEYWORDS: Finance & Socially Responsible Investment, Sustainable Investment, TD Bank, TD Securities, Province of Ontario, green bond
SOURCE: TD Bank Group
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This post was originally published on 3BLmedia.com
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