Chicago, Jan. 31 – RE Royalties Ltd. issued C$5.12 million 9% five-year secured green bonds, according to a release.
The first closing of the series 3 bonds constitutes one part of a potential C$20 million total offering.
The bonds will be secured against the company’s portfolio of royalty and loan investments.
Canaccord Genuity Corp. is the bookrunner and co-lead agent with Integral Wealth Securities Ltd.
The agents received 239,493 warrants for common shares at an exercise price of C$0.75 per share for 36 months from the closing date.
Proceeds will be used to acquire revenue-based royalties and/or provide loans to privately held and publicly traded renewable energy companies.
The issuer caters to socially conscious investors and helps to build renewable energy projects faster through innovative financing. The company is based in Vancouver, B.C.
| Issuer: | RE Royalties Ltd.
|
| Amount: | C$5,115,000
|
| Issue: | Green bonds
|
| Maturity: | Five years
|
| Bookrunners: | Canaccord Genuity Corp. and Integral Wealth Securities Ltd.
|
| Coupon: | 9%
|
| Issue date: | Jan. 30
|
| Distribution: | Public
|
|
|
© 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.
