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October 31, 2013

Ontario plans to sell 'green bonds' to fund transit, infrastructure

ONTARIO — Ontario plans to introduce special bonds as a new way to borrow money for environmentally friendly infrastructure, including transit projects, The Globe and Mail reported.

Both the World Bank and Massachusetts have similar programs. Finance Minister Charles Sousa said there is a pent-up demand among ecologically minded investors for these bonds, which he hopes will enable the government to pay a lower interest rate than they do on conventional bonds, according to the report. For the full story, click here.

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