Durham Ontario Regional Municipality, founded in 1974 and located in Ontario, Canada, serves as a regional government body responsible for delivering essential services to its communities. Its primary purpose is to foster economic growth and sustainability while ensuring public services such as water, waste management, and public transit are efficiently managed.
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Durham Region began its bond issuance program in the early 1990s to finance infrastructure projects and public services. Notably, in 2019, the municipality issued $150 million in green bonds to fund environmentally sustainable initiatives, showcasing a commitment to both fiscal responsibility and environmental stewardship. Current yields on Durham's bonds are competitive compared to the industry standard, with some bonds featuring callable options, allowing greater flexibility for the municipality in managing its debt portfolio. Recent news highlights Durham's ongoing efforts to maintain its credit rating amid rising interest rates and economic uncertainty.