Health Montreal Collective has raised $1.40 billion through the sale of long bonds, The Wall Street Journal reports. The ‘amortizing bonds’ are due to mature in September 2049.

The bond was priced over the Canadian government’s 5% 2037 benchmark to yield 6.721%. Health Montreal Collective is a special-purpose vehicle contracted to develop, build, finance and maintain a new Montreal hospital as part of a long-term agreement.

Click here for the story from The Wall Street Journal.