The Globe and Mail reports in its Friday edition that RBC is advising Ontario on a $500-million bond to fund defence projects, adding to support rolling out from the country's institutional investors for the previously neglected sector. The Globe's Pippa Norman and Stefanie Marotta write that the provincial government said it would be issuing a "resilience bond" as part of its bid to host the headquarters of the Defence, Security and Resilience Bank -- a multilateral institution dedicated to financing defence projects -- in Ontario. The province says the bond would be the first of its kind in Canada. The bond is slated to raise at least $500-million, and the process could include a syndicate of banks aiming to issue it for early summer. The initiative between the province and RBC has come together in recent months. The DSRB will be headquartered in Canada, after negotiations involving 19 founding countries concluded in Montreal. The federal government is expected to decide where to establish the headquarters in the coming months. Ontario said the bond would be structured according to its sustainable bond framework, which it first launched in 2024 to broaden its support for green, social and sustainability projects.