British Columbia Tests Green Label’s Debt Allure in Selling Hospital Bonds

British Columbia is selling hospital bonds by touting the projects’ environmental credentials in the first test of the green-bond label’s usefulness in winning financing for provincial infrastructure projects.

Marketing materials distributed to investors say the securities are up for certification from Altus Group Ltd., a lender advisory firm, for inclusion in portfolios mandated for environmentally conscious investments, according to a person with knowledge of the transaction who asked not to be named because the details are private.

The C$230 million (US$214 million) of debt maturing in 2046 is expected to price June 25, according to an offering memorandum seen by ...