BMO Issues Green Bond to Finance Renewable Energy, Green Buildings and Sustainable Agriculture Projects

Executive Summary

• BMO announced a €500 million Euro‑denominated green bond to finance renewable energy, sustainable agriculture, and green building projects.
• Proceeds will be used in accordance with BMO’s Sustainable Bond Framework and reported publicly within one year of issuance and annually thereafter.
• The bond is expected to settle on 24 March 2026, with BMO Capital Markets acting as joint lead manager; Moody’s provided a second‑party opinion on the framework.

Key Details

• Bond Size: €500 million (Euro denomination).
• Use of Proceeds: Finance or refinance projects in three categories – renewable energy, sustainable food & agriculture, and green buildings, as defined by BMO’s Sustainable Bond Framework.
• Framework Alignment: Aligns with ICMA Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines, and the Climate Transition Finance Handbook; covers 11 green, 4 social, and 3 transition categories linked to UN SDGs.
• Second‑Party Opinion: Obtained from Moody’s on the Sustainable Bond Framework.
• Settlement Date: Expected settlement on 24 March 2026.
• Lead Manager: BMO Capital Markets (joint lead manager).
• Reporting Commitment: Public reporting of use of proceeds within one year of issuance and annually thereafter via an Annual Sustainable Bonds Impact Report.

Notable Quotes

“The bond proceeds support our clients as they undertake green initiatives, including across critical areas such as food and agriculture and renewable energy,” said John Uhren, Global Head Sustainable Finance, BMO.