Montreal Transit System REM to Sell Around C$2 Billion Bonds

AI Summary

The Réseau express métropolitain (REM), an automated light metro system serving Greater Montreal, is planning to raise approximately C$2 billion through a bond sale to finance its operations and expansion. The sale is expected to occur within the week.

Réseau express métropolitain (REM), an automated light metro system in Greater Montreal, is looking to raise around C$2 billion ($1.43 million) in a bond sale as soon as this week, according to people familiar with the matter.