By Susanna Moon
Chicago, Sept. 13 – The City of Vancouver said it launched C$85 million of 3.1% 10-year green bonds in an inaugural issue.
Proceeds will go back into the city’s communities under its green bond framework and will be used to finance council-approved capital projects that support a “commitment to positive environmental goals, social responsibility and economic development,” according to an announcement.
“The City of Vancouver has set out an ambitious plan to be the greenest city in the world by 2020, and we have made big strides on a number of fronts,” mayor Gregor Robertson said in the release.
| Issuer: | Vancouver
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| Issue: | Green bonds
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| Amount: | C$85 million
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| Maturity: | Sept. 21, 2028
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| Coupon: | 3.1%
|
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