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Federal government might back First Nations bonds to boost pipeline push – Toronto Star

by aanationtalk on February 14, 20143195 Views

Canada is considering loan guarantees for aboriginals that would make it more feasible for them to take equity stakes in resource projects.

Feb 14 2014

Canada is considering loan guarantees for aboriginals that would make it more feasible for them to take equity stakes in resource projects, documents show.

“There is merit to the concept of aboriginal equity ownership in major resource opportunities, and the use of government loan guarantees is a feasible option to promote these arrangements,” said a briefing note prepared by officials at the Aboriginal Affairs ministry before a Sept. 23 meeting with the First Nations Financial Management Board.

The plan is part of a broader push by Canada to bolster support for energy infrastructure such as Enbridge Inc.’s Northern Gateway pipeline. Bonds issued by aboriginal groups and backed by Canada may be attractive to investors because they would carry the security of a AAA rating while offering a higher yield than typical government debt.

Read more: http://www.thestar.com/business/2014/02/14/federal_government_might_back_first_nations_bonds_to_boost_pipeline_push.html

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