Green Bond Presentation – January 30, 2025 (PDF)
Ontario Bonds
- Secondary market liquidity with a wide range of offerings provide extensive investment and trading opportunities across the yield curve
- Ontario accounted for 69.4 per cent of Canadian provincial bond trading in 2023
- Attractive spreads provide opportunities for investors to achieve higher returns
- Benchmark Canadian provincial borrower
- Primary focus on Canadian dollar borrowing with likely issuance in U.S. dollars and Euro
| Credit Ratings (Long-Term/Short-Term) | |
|---|---|
| Moody’s Investors Service | Aa3 (P) / P-1 |
| Fitch | AA- / F1+ |
| Morningstar DBRS | AA / R-1(high) |
| S&P Global Ratings | AA- / A-1+ |
Borrowing Program
2024–25 Borrowing Program
| Total Long-Term Public Borrowing: | $37.5B |
|---|---|
| Borrowed as of | $45.8B |
Canadian Dollar Floating Rate Note $1.5B
Canadian Dollar Green Bonds
$3.5B
$3.5B
U.S. Dollar Bonds $9.1B
Australian Dollar Bond $1.3B
Canadian Dollar Syndicated Bonds $30.3B
Note: Numbers may not add due to rounding.
Liquid Reserves
- Ensuring Ontario always has sufficient liquidity to meet its cashflow needs to continue to address any unforeseen economic or public health needs.
- Ontario cash reserves for 2024–25 are projected to be $43.4 billion.
