Canada successfully prices new green bond to raise $2 billion

From: Department of Finance Canada

News release

February 4, 2026 – Ottawa, Ontario – Department of Finance Canada

This week, the Government of Canada successfully priced its sixth issuance of a Canadian-dollar-denominated green bond, raising $2 billion in a new 10-year offering.

This issuance saw robust demand from environmentally and socially responsible investors who represented a majority of buyers (59 per cent). The final order book stood at over $3.4 billion.

Government of Canada green bond issuances support Canada’s sustainable finance market by providing a sovereign benchmark for the rest of the market, and high-quality green assets for investors, backed by Canada’s AAA credit rating.

Green bonds unlock private capital to speed up projects such as green infrastructure and nature conservation. Green bond projects will grow Canada’s economy and create more jobs across the country.

Quick facts

  • The strong investor appetite for this issuance reflects Canada’s strong economic and fiscal management, AAA credit rating and commitments to fight climate change and protect the environment.

  • This week’s offering increases the total amount of green bonds issued by the Government of Canada since March 2022 to $17.5 billion. 

  • On November 21, 2023, the Government of Canada released an updated Green Bond Framework that includes certain nuclear energy expenditures, in line with the government’s position that nuclear power is a vital, clean technology for Canada’s path to net-zero emissions by 2050, as well as to align with updated taxonomies, international best practices, and evolving investor preferences. Canada is the first sovereign borrower to issue a green bond including certain nuclear expenditures, demonstrating Canada’s commitment to being a global leader in clean nuclear power.

  • In June 2025, the government released the Green Bond Allocation and Impact Report 2023-24. Canada releases allocation and impact reports for investors and interested parties on an annual basis until full allocation of the net proceeds is achieved. These allocation reports detail the green eligible expenditures funded with the proceeds of each bond, while impact reports outline the environmental benefits of the expenditures and related social impacts where data is available.

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Contacts

Media may contact:

Media Relations
Department of Finance Canada
mediare@fin.gc.ca
613-369-4000

General enquiries

Phone: 1-833-712-2292
TTY: 613-369-3230
E-mail: financepublic-financepublique@fin.gc.ca

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2026-02-04