On November 28, 2025, the City of Vancouver issued $135 million of 3.75% sustainability bonds due November 28, 2035. The sustainability bonds were sold by a syndicate of investment dealers jointly led by BMO Nesbitt Burns Inc., CIBC World Markets Inc. and National Bank Financial Inc. as joint-lead managers. Farris Partner David Selley acted for the City of Vancouver.

The City of Vancouver is one of the largest and most important municipalities in Canada. The proceeds of the sustainability bond offering will be used to fund eligible projects under the City of Vancouver’s sustainability bond framework. Eligible projects are projects identified by the City as capital projects that are or which carry components that are beneficial to the environment and/or society, including renewable energy, energy efficiency, green buildings, clean transportation, pollution prevention and control, sustainable water and wastewater management, environmentally sustainable management of living natural resources, climate change adaptation, affordable housing, access to affordable basic infrastructure, and access to essential services.