Montreal’s REM Raises C$1.85 Billion in Four-Part Bond Sale (opens original article in a new tab)

Montreal's REM light rail system raised C$1.85 billion through a four-part bond sale, with the 30-year bonds priced at 0.95 percentage points above government bonds.

• Montreal's REM light rail system raised C$1.85 billion through a bond sale.
• The bond sale included tranches maturing in five, seven, 10, and 30 years, with the 30-year portion priced at 0.95 percentage points above government bonds.
• The 67-kilometer automated light rail network is scheduled to be fully functional by 2027.