Through Fixed-rate Green Bonds, you can contribute to green projects that will generate tangible benefits in Québec for protecting the environment, reducing greenhouse gas emissions or adapting to climate change.
Funded projects are aimed at environmental protection in Québec and show concrete environmental benefits. The characteristics of this savings product are the following:
- A five-year term.
- Interest income guaranteed for the term of the investment.
- Regular or compound interest.
- Regular interest paid annually (minimum purchase of $100) or monthly (minimum purchase of $10 000).
If you hold your Fixed-rate Green Bonds in an Épargne Placements Québec RRIF or LIF, a total or partial redemption can be requested, without penalty, for purposes of a retirement income payment, in accordance with laws applicable under the Québec RRIF or LIF.
|Issue date:||Issued daily.|
|Type of interest:||Simple or compound.|
|Payment of interest:||Simple interest bonds: annually (or monthly for an amount of $10 000 or more, at the participant’s option).
Compound interest bonds: annual capitalization on the purchase anniversary date.
|Interest rate:||Fixed rate, shown at the annual nominal rate.|
|Mimimum purchase amount:||Any amount greater than or equal to $100 (or $10 000 for monthly payment of interest).|
|Purchase limit:||Maximum amount held of $5 000 000 for general or limited partnerships and legal persons established for a private interest or in the public interest acting on their own account, except in the case of a transfer resulting from a succession.|
|Authorized purchasers:||Persons or groups of persons or of properties, domiciled in Québec and subject to the rules of Québec law (natural persons, general or limited partnerships, legal persons, successions of persons, foundations and personal or social trusts).|
|Redemption:||Total at maturity.|
|Eligible accounts:||Investment Savings Account, tax‑free savings account (TFSA), registered retirement savings plan (RRSP), registered retirement income fund (RRIF), locked‑in retirement account (LIRA) and life income fund (LIF). Can also be entered in the account of a trustee or of an agent of a trustee for the benefit of a participant in a self‑directed plan or fund.|
|Assignment and transfer:||The Bonds are assignable and transferable in accordance with the terms and conditions of the Regulation respecting savings products (CQLR, chapter A-6.001, r.9).|
|Hypothec:||Allowed in favour of financial institutions if the bonds are held in an Investment Savings Account or TFSA.|
|In the absence of instructions from the client, the capital and interest (including any bonus) are automatically reinvested in Flexi‑Plus Savings units.|