Export Development Canada’s (EDC) latest green bond has been priced. Set at $500 million with a 1.8 fixed rate, the bond will become due on September 1, 2022. Expected to settle on September 5, the lead underwriters were B of A Merrill Lynch , RBC Capital Markets, TD Securities Inc.

This is EDC's first Green bond priced in Canadian dollars and its fourth in recent years, with previous bonds of $US500 million in May 2017, $US300 million in December 2015 and $US300 million in January 2014, each receiving strong support from the green bond investor community.

"Climate change is a priority for EDC and being the first Canadian Crown corporation to issue a green bond in (Canadian dollars) demonstrates the increasing demand for sustainable investment products within the Canadian market," said Ken Kember, senior VP of finance and CFO at EDC. "EDC wants to bring our expertise and ability to issue bonds into the Canadian market as a way to attract domestic and international investors to the table and stimulate growth."

The proceeds of this green bond offering will go towards EDC's portfolio of green assets, including loan assets made to companies that are active in fields of preservation, protection or remediation of air, water, and/or soil, creation of renewable energy and mitigation of climate change.