Province of Ontario’s C$950 Million Green Bond Offering

Shearman & Sterling represented the Province of Ontario in connection with its C$950 million public offering of its 2.65% bonds due February 5, 2025.

This transaction consisted of a further issuance of 2.65% bonds due February 5, 2025 originally issued on February 5, 2018.

The bonds are the fifth issued under Ontario’s green bond program that will help finance transit and other environmentally friendly infrastructure projects across Ontario. Application has been made to the Luxembourg Stock Exchange (LSE) for the bonds to be admitted to trading on the Euro MTF Market of the LSE.

Ontario is the largest Canadian province by population and home to both the nation’s capital and most populous city.

Shearman & Sterling advised the Province of Ontario with a team including Jason Lehner (Picture), Laurence Crouch, Kevin J. Roggow, Ekaterina Bogdanov and Daniel Kachmar.

Involved fees earner: Ekaterina Bogdanov – Shearman & Sterling; Laurence Crouch – Shearman & Sterling; Daniel Kachmar – Shearman & Sterling; Jason Lehner – Shearman & Sterling; Kevin Roggow – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Province of Ontario;

Author: Ambrogio Visconti