The Minister of Finance says the province’s European borrowing program will play an important role as new mega projects related to the MOU with Quebec start to take shape.

The province first announced that it would be putting bonds on the European market in 2023 to help lower borrowing costs and diversify investors.

The province placed its first bond on there in October, and Siobhan Coady now says a second has also been put on the market.

Coady says that European market access will be important as the province moves towards binding agreements with Quebec and four new mega projects are developed.

She says monies will need to be raised on markets, either through Hydro Quebec or through the projects themselves, so they will need access to those markets.