In Canada, Export Development Canada (EDC) has priced a new US$300 million 1.25% Fixed Rate Green Bond due December 10, 2018. The lead underwriters were BofA Merrill Lynch, Crédit Agricole CIB and Morgan Stanley. This new bond reflects EDC’s ongoing commitment to developing the Green Bond market. This offering is scheduled to close on December 8, 2015.
This is EDC’s second Green Bond issuance. Its inaugural Green Bond, which was issued in January 2014, received strong support from the Green Bond investor community and supported several biofuel companies including Raizen and BioAmber.