Export Development Canada Prices $396M Green Bond

Law360, New York (August 30, 2017, 6:53 PM EDT) — Export credit agency Export Development Canada announced Wednesday that it has priced its first Canadian-currency green bond at CA$500 million ($396.1 million), saying it wants to meet an increasing demand for climate financing.

The bonds, which are earmarked for environmental uses, carry a fixed rate of 1.8 percent and are set to come due in September 2022, according to a statement from the agency announcing the pricing. BofA Merrill Lynch, RBC Capital Markets and TD Securities Inc. are the lead underwriters for the offering, the statement…

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