Green Debenture Program
Toronto is one of the first municipalities to establish a Green Debenture Program in Canada. The City’s Green Debenture Program will leverage on the City’s low borrowing interest rates to help finance the City’s transit and other capital projects that contribute to environmental sustainability. The expected growth of Green capital projects will allow the City to be a regular issuer of Green Debenture.
The City of Toronto’s Green Debentures will have the same financial and legal characteristics of other City bonds, but the net proceeds will be used to fund projects supporting City’s environmental sustainability strategies.
The City of Toronto issued its inaugural green bond on July 18, 2018.