By William Gullotti
Buffalo, N.Y., Nov. 4 – AIMCo Realty Investors LP sold C$500 million of 2.195% senior notes due Nov. 4, 2026 (DBRS: AA low), according to a press release Thursday.
The notes are the issuer’s inaugural green bond issuance under its Oct. 28-announced green financing framework.
Scotia Capital Inc. and CIBC World Markets Inc. are the joint bookrunners.
Proceeds will be used to fund financing or refinancing eligible green projects.
AIMCo Realty Investors LP is an Edmonton, Alta.-based trust that manages a portfolio of light industrial properties in Canada.
| Issuer: | AIMCo Realty Investors LP
|
| Amount: | C$500 million
|
| Description: | Series 5 senior green notes
|
| Maturity: | Nov. 4, 2026
|
| Bookrunners: | Scotia Capital Inc., CIBC World Markets Inc.
|
| Co-Managers: | TD Securities Inc., RBC Dominion Securities Inc.
|
| Green assessor: | Sustainalytics
|
| Coupon: | 2.195%
|
| Announcement date: | Nov. 4
|
| Rating: | DBRS: AA low
|
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