Province of Ontario’ Canadian $950 Million Global Green Bond Reopening

Davis Polk advised the underwriters in connection with the offering of C$950 million aggregate principal amount of 2.65% bonds due February 5, 2025, issued by the Province of Ontario.

The bonds are a reopening of bonds issued on February 5, 2018. The net proceeds of the bonds will be used for eligible projects with an emphasis on clean transportation and energy efficiency and conservation.

BMO Nesbitt Burns Inc., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., The Toronto-Dominion Bank, Canaccord Genuity Corp., Casgrain & Company Limited, CIBC World Markets Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc., National Bank Financial Inc., Scotia Capital Inc. acted as underwriters in the deal.

The Davis Polk capital markets team included partner Deanna L. Kirkpatrick (Picture), counsel Jeffrey S. Ramsay and associate Carrie Guo. The tax team included partner William A. Curran and associate Catherine L. Chu.

Involved fees earner: Catherine Chu – Davis Polk & Wardwell; William Curran – Davis Polk & Wardwell; Carrie Guo – Davis Polk & Wardwell; Deanna Kirkpatrick – Davis Polk & Wardwell; Jeffrey Ramsay – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: BMO Nesbitt Burns Inc; Canaccord Genuity; Casgrain & Company Limited; CIBC World Markets Corp.; Desjardins Securities Inc.; HSBC Securities; Laurentian Bank Securities Inc.; Merrill Lynch Canada Inc.; National Bank Financial Inc.; RBC Dominion Securities Inc.; Scotia Capital Inc.; Toronto-Dominion Bank;

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Author: Ambrogio Visconti