Shearman & Sterling represented the Province of Ontario in connection with its public offering of C$750 million of its 2.65 percent bonds due February 5, 2025. This transaction consisted of a further issuance of 2.65 percent bonds due February 5, 2025 originally issued on February 5, 2018.
The bonds are the sixth 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.