Ontario prints its first DMTN green bond

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By Frank Jackman
13 Feb 2020

Ontario printed a first green bond off its domestic medium term note programme this week, and the deal was over six times covered. Demand for green provincial paper is high, with Ontario coming a week after neighbouring Quebec.

“Using the DMTN programme shortens the process from an execution perspective,” said a banker. “The previous trades’ SEC process had a number of extra steps. Ontario did not do a net roadshow and instead just updated its investor presentation online, having last done a net roadshow ahead of ...

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