Shearman & Sterling represented the Province of Ontario (“Ontario”) in connection with Ontario’s public offering of C$750,000,000 of its 1.95% bonds due January 27, 2023 (the “Bonds”). The Bonds are the second 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 Shearman & Sterling team included partners Jason Lehner;(Toronto/New York-Capital Markets), Laurence Crouch (Menlo Park-Tax) and Simon Letherman (London-Tax), counsel Kevin Roggow (Toronto-Capital Markets), associates Heather Pals (New York-Corporate), Kyle Phillips (Menlo Park-Tax), Elizabeth Emerson (London-Tax) and Lois Howarth (London-Tax), and trainee Charlotte Rice (London-Tax).