Réseau express métropolitain (REM), the automated light-rail network in Greater Montreal, is issuing bonds to raise capital for its project. Bloomberg reports the operator is seeking to raise around C$2 billion in a bond sale as soon as this week, citing people familiar with the matter. Financial Post reports the sale is sized at up to about $2 billion (Canadian value not fully specified in that version), and adds context that the 67-kilometre network is nearly complete but will not be fully operational until 2027. In a follow-up report, Financial Post says REM raises C$1.85 billion through a four-part bond sale, according to people with knowledge of the deal. Across the coverage, sources describe the transactions as privately informed bond issuances rather than publicly announced terms, with the amount varying by report timing and whether the sale is described as a target range or final proceeds.