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‘In 2013 alone, [global] green bond issuance totalled $11.8-billion (U.S.), up from $2-billion in the prior year,’ according to a new report from RBC Dominion Securities.
‘In 2013 alone, [global] green bond issuance totalled $11.8-billion (U.S.), up from $2-billion in the prior year,’ according to a new report from RBC Dominion Securities.
(Michael Sohn/AP)

TD’s green bond paves way for environmental investment

Toronto-Dominion Bank is launching a “green bond,” becoming the first major lender to get behind the environment-focused debt trend.

Canada’s second-largest lender by deposits will offer a $500-million bond with maturity date of April 3, 2017. Proceeds will be used to fund initiatives related to more efficient energy and land use, while offering investors a competitive yield.