Regulators have approved the TSX Inc.’s plan to begin trading sustainable bonds on the Toronto Stock Exchange.
The Ontario Securities Commission (OSC) approved amendments to the TSX’s rules to enable trading in sustainable bonds — which are independently verified bonds that raise funding for ESG-driven goals — on the exchange.
“The TSX sustainable bonds initiative will enable investors to access information and to transact sustainable bonds with the same ease and transparency that they currently enjoy with listed equities,” the TSX said in a notice.
The changes are slated to take effect, and the bonds will be posted for trading, in the first quarter of 2021.
The exchange will announce the bonds that will be available for trading in a future notice.