Canada’s green bonds often trade at a premium in the secondary markets
The fixed-rate bonds will be used to finance projects devoted to the environment
IIAC working on recommendations to encourage a more liquid market
Province raises money of infrastructure projects
Issuance peaked at fresh highs during the third quarter
The bank’s first green bond in US$ initially targeted an issue size of US$500 million but was doubled thanks to strong demand
Despite impressive growth since 2015, a lack of diversification poses challenge
Sales of green bonds thus far in 2017 are approaching US$50 billion
The aim of the modified voluntary governing principles is to expand the range of issuers and market participants in green bonds
Green bond issuance rose 60% in 2016 to US$113 billion