Shearman And Sterling

News October 09, 2014

Shearman & Sterling Advises on Province of Ontario's C$500 Million Inaugural Green Bond Offering

Shearman & Sterling represented the Province of Ontario (“Ontario”) in connection with Ontario’s public offering of C$500,000,000 of its 1.75% Bonds due October 9, 2018 (the “Bonds”). The Bonds are the first 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.

The Team