Share on LinkedInShare on LinkedIn

ARTICLE · 25 AUGUST 2020

Sustainable Bonds To Be Traded On TSX

The Toronto Stock Exchange (TSX) has unveiled its plans to trade certain sustainable bonds alongside stocks in the fourth quarter of 2020.

CanadaFinance and Banking

The Toronto Stock Exchange (TSX) has unveiled its plans to trade certain sustainable bonds alongside stocks in the fourth quarter of 2020.1 This plan is subject to regulatory approval for the proposed modifications, which the TSX hopes to receive in the coming weeks. The aim of the offering is to improve accessibility to sustainable bonds and propel interest in sustainable finance. Sustainable bonds include bonds where the proceeds are used to finance projects with defined environmental and/or social benefits. The TSX expects to initially post approximately 30 sustainable bonds for trading. 

The TSX advises that sustainable bonds will not be listed on the TSX but instead will be posted for trading and settled using the same infrastructure used for listed equities. The bonds will be distinguished from other securities in a variety of ways including a “.SB” extension on the symbol, an “unlisted” market value and a “Bond” product type listing. Corporate issuers will not

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

About Norton Rose Fulbright Canada LLP

Norton Rose Fulbright is a global law firm. We provide the world's preeminent corporations and financial institutions with a full business law service. We have 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.

Law around the world
nortonrosefulbright.com

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from