TD Securities Acts as a Joint Lead Manager for Largest Green Bond Issuance in Canada

Feb 2, 2017 4:30 PM ET
Press Release

February 2, 2017 /3BL Media/ - On January 26, 2017, TD Securities acted as a joint lead for the Province of Ontario’s third – and largest – green bond. At $800 million this is the largest issuance of a Canadian dollar green bond to date.

Over the last seven years, the growth of the green bond market has boomed – with more than $150 billion in issuances since 2010, according to Bloomberg.  

This is the second Ontario green bond that TD has participated in, and is a strong example of TD's commitment to supporting the transition to a low-carbon economy.

In 2014, TD was the first commercial based bank in Canada to issue a green bond. The bank is also a significant player in the green bond market, participating in $7.54 billion (CAD) of green bond underwriting since 2010. 

TD's Green Bond is aligned to the International Capital Market Association's Green Bond Principles, and proceeds from TD's $500-million, three-year bond, are allocated to:

  1. Renewable energy generation: investments that help supply energy from renewable and low carbon sources. 
  2. Energy efficiency and management: investments that help reduce energy consumption or help manage and store energy. 
  3. Green infrastructure and sustainable land use: investments that support conservation, sustainable land, waste or management and enhance climate resiliency.

To learn more about TD's green bond, visit: td.com