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.
Montreal’s REM sells bonds to fund automated light-rail expansion
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...
- REM, an automated light-rail system in Greater Montreal, is conducting a bond sale to raise funding.
- The network is about 67 kilometres long and is described as nearly complete.
- Sources say full operation is expected in 2027.
- Bloomberg reports a target of around C$2 billion for the bond sale.
- Financial Post reports REM raises C$1.85 billion in a four-part bond sale.
The Réseau express métropolitain (REM), a light rail system in Greater Montreal, raised C$1.85 billion ($1.32 billion) in a bond sale, according to people with knowledge of the deal.
8 hours agoThe 67-kilometre automated light rail network is almost completed, but it won’t be fully functional until 2027
10 hours agoRéseau express métropolitain (REM), an automated light metro system in Greater Montreal, is looking to raise around C$2 billion ($1.43 million) in a bond sale as soon as this week, according to people familiar with the matter.
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