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The Regional Municipality of Peel is the second-largest municipality in the Greater Toronto Area consisting of Brampton, Caledon and Mississauga.

In addition to its strong labour market and growing population of nearly 1.5 million people, Peel is:

Other information

On June 6, 2024, Bill 185, the Cutting Red Tape to Build More Homes Act, 2024, received Royal Assent, confirming that Peel Region will not be dissolved. This also affirms certain other amendments to Bill 112, specifically:

  • The mandate of the Transition Board will be recalibrated to focus specifically on the following services: land use planning, water and wastewater (including stormwater), Regional roads, and waste management.
  • Making local government in Peel Region more efficient and responsive to the needs of residents and taxpayers:
    • Accelerating the building of homes to increase housing supply;
    • Reducing duplication;
    • Ensuring continuity of services;
    • Recognizing the importance of value for money and financial sustainability.

Link to Bill 185:

  • Debt issued for itself and on behalf of its local municipalities (Brampton, Caledon and Mississauga) for capital needs.
  • Capital needs mainly for infrastructure investments in water and wastewater treatment plants, waste management systems and arterial roads for growth.
  • High credit rating - rated higher than the Province of Ontario while offering an attractive yield pick-up.
  • Taxing authority.
  • Substantial debt reserve fund and strong liquidity.
  • Strong legislative safeguards for investors.
Rating agency Credit rating
Moody’s Ratings Aaa (Stable)
S&P Global Ratings AAA (Stable)

Sinking fund debentures

CUSIP Issue date Maturity date Coupon Amount Term at
issue date
Circular
705464DQ5 June 29, 2010 June 29, 2040 5.10% $300,000,000 30 YR 705464DQ5 - new
705464DQ5 March 15, 2011 June 29, 2040 5.10% $200,000,000 30 YR 705464DQ5 - re-open
705464EC5 October 30, 2012 October 30, 2042 3.85% $300,000,000 30 YR 705464EC5 - new
705464EP6 June 20, 2013 June 20, 2053 3.95% $33,000,000 40 YR 705464EP6
705464EQ4 August 23, 2013 December 2, 2033 4.25% $250,000,000 20 YR 705464EQ4
705464FX8 November 2, 2016 November 2, 2026 2.3% $150,000,000 10 YR 705464FX8
705464EC5 April 2, 2019 October 30, 2042 3.85% $23,000,000 30 YR 705464EC5 - re-open
705464HE8 June 2, 2020 June 16, 2051 2.50% $200,000,000 31 YR 705464HE8 - new
705464HE8 September 27, 2021 June 16, 2051 2.50% $150,000,000 30 YR 705464HE8 - re-open

Instalment debentures

CUSIP Issue date Maturity date Coupon Amount Term at
issue date
Circular
705464ER2–FA8 June 10, 2014 June 10, 2015 – 2024 1.20 – 3.30% $36,607,000 10 YR 705464ER2–FA8
705464FB6–FL4 August 20, 2015 August 20, 2016 – 2025 0.95 – 2.40% $40,000,000 10 YR 705464FB6–FL4
705464FM2–FW0 June 1, 2016 June 01, 2017 – 2026 1.15 – 2.50% $40,684,000 10 YR 705464FM2–FW0
705464FY6–GH2 September 28, 2017 September 28, 2018 – 2027 1.70 – 3.00% $38,853,000 10 YR 705464FY6–GH2
705464GJ8–GT6 March 27, 2018 March 27, 2019 – 2028 1.80 – 3.05% $53,270,000 10 YR 705464GJ8–GT6
705464GU37–HD0 October 15, 2019 October 15, 2020 – 2029 1.90 – 2.25% $51,760,000 10 YR 705464GU37–HD0
705464HF–HQ1 February 17, 2021 February 17, 2022 – 2031 0.25 – 1.50% $47,100,000 10 YR 705464HF-HQ1
705464HR-JA4 November 8, 2021 November 8, 2022 – 2031 0.80 – 2.30% $51,000,000 10 YR 705464HR-JA4
705464JB-JL0 March 7, 2022 March 7, 2023 - 2032 1.45 – 2.75% $50,000,000 10 YR 705464JB-JL0

Julie Pittini
Director, Treasury Services
Treasury Services, Corp. Fin., Corp. Services
julie.pittini@peelregion.ca
Tel: 647-308-4756

Scott Hodgson
Portfolio Manager,
Treasury Services, Corp. Fin., Corp. Services
scott.hodgson@peelregion.ca
Tel: 416-230-0165

More information available at

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