The First Nations Finance Authority (FNFA) has issued its first-ever 30-year bond, raising $350 million to support the Haisla First Nation’s Cedar LNG project in British Columbia. This landmark bond will help finance the Haisla’s majority stake in Cedar LNG, a floating LNG facility set to be built within their traditional territory.
The bond issuance marks a significant step in promoting Indigenous participation in the capital markets, with FNFA partnering with Cedar Leaf Capital, Canada’s first majority Indigenous-owned investment dealer, to manage the sale. The facility, once completed, will be one of the world’s lowest carbon LNG facilities, powered by hydroelectric energy, aligning with global investor demand for sustainable and impact-driven projects.
FNFA’s loan portfolio now exceeds $3.4 billion, contributing to the creation of over 34,000 jobs and adding $7.4 billion to Canada’s economy. The FNFA’s work is benefiting over half of Canada’s First Nations, providing them access to vital financing for economic development. This bond issuance highlights the growing economic power of Indigenous communities and their role in shaping Canada’s future.
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