TORONTO, Aug. 21 /CNW/ - Infrastructure Ontario has successfully
completed an Infrastructure Renewal Bond issue, raising $300.0 million. These
funds will be used to finance loans for broader public sector clients -
including municipalities and universities - to build and renew essential local
infrastructure in Ontario.
The Infrastructure Renewal Bonds, Series 2008-A1, will bear interest at
3.95% per annum, paid semi-annually, and will mature on June 3, 2013.
The Series 2008-A1 Bonds have been assigned long-term credit ratings of
AA+, AA and Aa1 by S&P, DBRS and Moody's, respectively.
To date, Infrastructure Ontario has committed to providing more than
$2 billion in affordable loans to a variety of public-sector partners. Of the
$1.7 billion advanced to date, over 650 infrastructure projects have been
initiated to support priorities such as clean water, sewage, waste management,
road bridge improvements, teaching and learning facilities, hospices as well
as recreational and sport facilities.
The new issue of Infrastructure Renewal Bonds is one of many initiatives
under ReNew Ontario, the government's five year, $30 billion plus investment
plan to renew and modernize public infrastructure.
Visit www.infrastructureontario.ca for more information.
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For further information:
For further information: Media contact: Lukas Gerber, Infrastructure
Ontario, (416) 326-9357