Canada raises $2 billion in seventh green-bond issue

Update — October 11, 2026: Finance Canada says the transaction has been completed: the new 10-year green bond raised $2 billion.

Canada has priced its seventh Canadian-dollar green-bond issue, a $2-billion offering with a 10-year term.

Finance Canada said on October 9 that the final order book exceeded $3.6 billion. Environmental and socially responsible investors received 44% of the allocation, according to the department.

The transaction brings total federal green-bond issuance to $19.5 billion across seven offerings since the program began in March 2022.

Proceeds are allocated under Canada’s Green Bond Framework to eligible environmental expenditures. Certain nuclear-energy expenditures have been eligible since the framework was updated in 2023. The October 9 pricing means the transaction is no longer conditional on market completion.

Sources: Department of Finance Canada, launch notice published October 7, 2026, and pricing result published October 9, 2026.

Featured image: Karsten Würth / Unsplash, under the Unsplash Licence. Illustrative wind-energy photo; resized for publication.