Société de Transport de l'Outaouais (STO) is a public transit authority located in Gatineau, Quebec, founded in 2001 to provide reliable and accessible transportation services to the Outaouais region. The company operates a comprehensive network of bus routes and transit solutions aimed at fostering sustainable mobility in the community, serving both local residents and tourists.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
STO first began issuing bonds in 2008 to finance its capital projects, including fleet expansion and infrastructure improvements. Notably, their 2019 bond issuance raised CAD 50 million, aimed at funding a new bus rapid transit system. Current yields on STO bonds are competitive, averaging around 3.5%, positioning them favorably within the Quebec municipal bond market. Recently, the agency's commitment to green transportation has spurred interest in their green bonds, with the latest issuance emphasizing eco-friendly project financing.