Ottawa/CMEDIA: Canada is reported to launch this week its fifth issuance of Canadian-dollar-denominated green bonds.
For this issuance, the government plans to issue a new 30-year green bond accompanied by a re-opening of the 7-year bond that was issued in February 2025, which saw strong demand and a final order book of over $3.1 billion.
While unlocking private financing, Green bonds would speed up its projects such as green infrastructure and nature conservation, grow Canada’s economy and create jobs across the country and mobilizes capital through green bonds aims to achieve net-zero emissions by 2050.
Launched in March 2022, Canada’s green bond program supports the growth of the sustainable finance market in Canada, and around the world, advancing Canada’s investments in clean growth, renewable energy, climate action, and environmental protection.
Contributing to the development of a stronger sustainable finance market in Canada, its green bonds will meet demand from investors seeking green investment opportunities backed by Canada’s AAA credit rating.
This week’s transaction is the government’s first offering of a 30-year maturity green bond adding to the $13 billion of Canada green bonds issued since March 2022 under four previous transactions that issued bonds with maturities from 7 to 10 years.
Canada releases allocation and impact reports for investors and interested parties on an annual basis until full allocation of the net proceeds is achieved. The Green Bond Allocation and Impact Report 2023-24 was released by the government In June 2025.
Detailing the green eligible expenditures funded with the proceeds of each bond, these allocation and impact reports outline the environmental benefits of the expenditures and related social impacts where data is available.
Akigning with the government’s position that nuclear power is a vital, clean technology for Canada’s path to net-zero emissions by 2050, Canada updated its Green Bond Framework in November 2023 to make certain nuclear expenditures eligible as well as to align with updated taxonomies, international best practices, and evolving investor preferences.
The first sovereign borrower to include certain nuclear expenditures in a green bond, Canada demonstrates its commitment to being a global leader in clean nuclear power.
The green bond frameworks of other sovereign issuers that have been widely accepted by green bond investors and market indices, Canada’s Green Bond Framework is aligned with other sovereign green bond issuers including France, Germany, Sweden, Spain, Italy, and the United Kingdom.
