Canada issues green bonds for first time since framework change

Canada is tapping the sustainable-debt market for the first time since the government amended its sovereign green-finance framework in November to include nuclear power.

The bonds are expected to mature in 10 years and may yield about half a basis point less than a Canada bond due December 2033, according to a person familiar with the matter. Final pricing is expected on Tuesday.

The debt will be used for eligible green expenditures as set out in the framework, the person said, asking not to be named discussing a private matter.

Canada first sold green bonds in March 2022, making Monday’s issuance the second. Its inaugural green bond excluded nuclear energy from the activities it financed.