By Rebecca Melvin
New York, April 24 – Royal Bank of Canada priced a €500 million five-year green bond on Wednesday, according to a press release.
Bookrunners were BNP Paribas, Credit Agricole CIB, Danske, ING, RBC Capital Markets and Societe Generale.
The proceeds of the bond, which represents the bank’s first green euro bond, will fund a portfolio of new and existing assets primarily in renewable energy and green buildings. The proceeds can also be used for clean transportation, sustainable water, and wastewater management, among other energy-related projects.
“The issuance of green bonds will further diversify our funding sources and satisfy the needs of investors that have green mandates,” said RBC’s David Power, vice president, corporate treasury.
Royal Bank of Canada is a Toronto-based financial services company.
| Issuer: | Royal Bank of Canada
|
| Description: | Green bond
|
| Amount: | €500 million
|
| Maturity: | Five years
|
| Bookrunners: | BNP Paribas, Credit Agricole CIB, Danske, ING, RBC Capital Markets and Societe Generale
|
| Pricing date: | April 24
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
