Coastal GasLink Launches Historic $5 Billion Bond Sale

Indigenous leaders call for boycott over rights violations and environmental concerns

• Coastal GasLink is issuing the largest corporate bond in Canadian history, with potential sales reaching $7 billion.
• Investors have already placed orders exceeding $20 billion for the bond.
• The bond deal is divided into 11 parts, with maturities ranging from 2027 to 2049.
• Indigenous leaders from the Wet’suwet’en First Nation urge investors to boycott the bond due to alleged legal and environmental issues.
• The pipeline, owned by TC Energy, KKR & Co., and Alberta Investment Management Corp., aims to transport gas to a new LNG complex on the BC coast.

4 Articles

mint Financial Post Financial Post mint