The City of Toronto, founded in 1834 and located in Ontario, Canada, serves as the largest city in the country with a primary purpose of providing municipal services and governance to its residents. The city manages various services, including public transit, waste management, and community development, fostering a thriving urban environment.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The City of Toronto has a robust history of bond issuances, beginning in the early 20th century, with its first notable bond issuance occurring in 1906. Significant issuances include the $1 billion bond in 2020 aimed at infrastructure projects, which attracted widespread investor interest and showcased competitive yields compared to other major municipalities. Currently, the city's bonds feature a mix of general obligation and revenue-backed securities, with recent yields demonstrating strong performance against industry benchmarks amidst fluctuating interest rates.