November 11, 2026

China's Ministry of Finance (MOF) said on Wednesday that it has issued 4 billion yuan ($600 million) in sovereign green bonds in Canada, marking Beijing's first issuance of yuan-denominated green debt in the country. The move underscores efforts to support green development and broaden offshore funding channels amid improving bilateral relations.

The issuance includes 2 billion yuan of three-year bonds with a yield of 1.4 percent and 2 billion yuan of five-year bonds with a yield of 1.5 percent. Demand was strong, with total orders reaching 54.04 billion yuan, or 13.5 times the amount on offer.

This is the ministry's first offshore yuan-denominated bond issuance in Canada and serves as an important measure to implement the second China-Canada Strategic Economic and Financial Dialogue. It is of great significance for deepening China-Canada exchanges and cooperation in the green, economic and financial fields, the MOF said.

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