Home Breadcrumb caret Industry News Breadcrumb caret Industry BMO introduces sustainability bond Proceeds will support eligible green and social asset categories By Staff | October 22, 2019 | Last updated on October 22, 2019 1 min read © Miles Davies / 123RF Stock Photo Montreal-based BMO Financial Group introduced its first sustainability bond on Monday. The $500-million three-year Sustainability Bond will bear a fixed interest rate of 2.05% and will mature on Nov. 1, 2022. Proceeds of the bond will support eligible green and social asset categories as defined in the bank’s sustainable financing framework, a BMO release said. Published in September, the framework defines eligible assets across seven green and four social project categories linked to the United Nations 2030 Agenda for Sustainable Development. Distribution of the bond was co-led by BMO Capital Markets. The offering closed on Oct. 21. In addition, the bank announced the development of an impact investment fund with $250 million in seed capital. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo