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Canadian Solar Wins Green Project Bond of the Year Award by Environmental Finance

Retrieved on:

Monday, April 29, 2024

Goldman Sachs, Environmental finance, Gunma Prefecture, GS, JPY, Green bond, Partnership, Environment, Credit, Renewable energy

GUELPH, ON, April 29, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has won Environmental Finance's Green Project Bond of the Year award for its JPY 18.5 billion green samurai private placement.

Key Points:

GUELPH, ON, April 29, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has won Environmental Finance's Green Project Bond of the Year award for its JPY 18.5 billion green samurai private placement.
Its annual Sustainable Debt Awards celebrate leading green, social, sustainable and sustainability-linked bond and loan deals and recognize market innovations.
Environmental Finance also praised the deal for enabling Canadian Solar to "plug into the ultra-low interest rate environment in Japan, where long-term, fixed-rate products are scarce."
This is the second green project bond of the year award Canadian Solar has received from Environmental Finance, following the one awarded in 2018 for Canadian Solar's JPY5.4 billion ($47 million) Gunma Aramaki project bond placement with Goldman Sachs Japan.

EQS-News: ABO Wind: Green bond successfully placed

Retrieved on:

Friday, May 3, 2024

ABO Wind AG has successfully placed its 2024/2029 bond (ISIN: DE000A3829F5, WKN: A3829F).

Key Points:

ABO Wind AG has successfully placed its 2024/2029 bond (ISIN: DE000A3829F5, WKN: A3829F).
The Green Bond met with great interest from institutional investors and asset managers as well as private investors and was significantly oversubscribed at the original target volume of 50 million euros.
In accordance with ABO Wind's framework for Green Bonds, the funds will be invested in the development and construction of wind and solar parks as well as battery storage systems (individually and in combination).
As the Second Party Opinion of the expert imug rating also confirms, the planned and documented use of fund for the bond is in line with the guidelines of the Green Bond Principles issued by the International Capital Market Association (ICMA).

KBRA Assigns AA+ Rating, Stable Outlook to Triborough Bridge and Tunnel Authority Payroll Mobility Tax Senior Lien Green Bonds, Series 2024 (Climate Bond Certified)

Retrieved on:

Tuesday, April 30, 2024

Professional Services, Finance, TBTA, Parity, AA, Outlook, MADS, Green bond, MTA, Robert F. Kennedy Bridge, KBRA, PMT, ABT, Stable, ATA, Bookkeeping

KBRA has assigned a long-term rating of AA+ to the Triborough Bridge and Tunnel Authority's ("TBTA’s") Payroll Mobility Tax ("PMT") Senior Lien Green Bonds, Series 2024B (Climate Bond Certified), consisting of Subseries 2024B-1, Subseries 2024B-2, and Subseries 2024B-3 (Mandatory Tender Bonds).

Key Points:

KBRA has assigned a long-term rating of AA+ to the Triborough Bridge and Tunnel Authority's ("TBTA’s") Payroll Mobility Tax ("PMT") Senior Lien Green Bonds, Series 2024B (Climate Bond Certified), consisting of Subseries 2024B-1, Subseries 2024B-2, and Subseries 2024B-3 (Mandatory Tender Bonds).
Concurrently, KBRA affirms the AA+ rating and Stable outlook on parity TBTA PMT Senior Lien Bonds and affirms the short-term ratings of K1+ on TBTA PMT Bond Anticipation Notes and K1+ on MTA PMT Bond Anticipation Notes.
Mobility Tax and ATA Receipts are derived from a broad, diverse, and resilient employment base.
Senior lien PMT obligations benefit from a 2.25x ABT based on historical pledged revenues and pro-forma MADS.

KBRA Assigns AAA Rating to Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds Series 2024A (Green Bonds) and Refunding Series 2024B (Green Bonds); Affirms Rating for Parity Bonds

Retrieved on:

Tuesday, April 16, 2024

Professional Services, Finance, Outlook, Sale, Green bond, KBRA, Growth, AAA, Security (finance)

KBRA assigns a long-term rating of AAA to the Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds, Series 2024A (Green Bonds) and Sales Tax Revenue Bonds, Refunding Series 2024B (Green Bonds).

Key Points:

KBRA assigns a long-term rating of AAA to the Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds, Series 2024A (Green Bonds) and Sales Tax Revenue Bonds, Refunding Series 2024B (Green Bonds).
KBRA additionally affirms the long-term rating of AAA for outstanding parity Sales Tax Revenue Bonds.
Favorable demographic trends and socio-demographic characteristics of the pledged revenue base are supportive of growth and stability of pledged receipts.
Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

Empire State Realty Trust Announces Private Placement of $225 Million of Green Senior Unsecured Notes

Retrieved on:

Wednesday, April 10, 2024

REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Sale, SPO, Green bond, Partnership, S&P, Empire State Building, S&P Global, Empire, ESRT, Security (finance)

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it and its operating partnership, Empire State Realty OP, L.P. (the “Operating Partnership”), entered into a note purchase agreement to issue $225 million aggregate principal amount of green senior unsecured notes in a private placement transaction.

Key Points:

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it and its operating partnership, Empire State Realty OP, L.P. (the “Operating Partnership”), entered into a note purchase agreement to issue $225 million aggregate principal amount of green senior unsecured notes in a private placement transaction.
The issuance consists of $155 million of 7.20% notes due in June 2029, $45 million of 7.32% notes due in June 2031, and $25 million of 7.41% notes due in June 2034.
The private placement is scheduled to fund on June 17, 2024, subject to customary closing conditions.
The notes are unconditionally guaranteed by each of the Company’s subsidiaries that guarantees indebtedness under the Operating Partnership’s senior credit facility.

Scotiabank issues its first Green Bond in the European market for EUR 1 billion

Retrieved on:

Wednesday, April 17, 2024

Nuclear energy, Climate change, Small business, GIC, Social, Circular economy, Capital market, Sustainability, Green bond, EUR, SVP, Party, Bank, Communication, ISO 22000, Scotiabank, Food security, Renewable energy

TORONTO, April 17, 2024 /CNW/ - Scotiabank has issued its inaugural EUR 1 billion, 5-year senior fixed rate Green Bond (the "EUR Green Bond") in the European market pursuant to Scotiabank's Sustainable Issuance Framework released on April 5, 2024 (the "Framework").

Key Points:

TORONTO, April 17, 2024 /CNW/ - Scotiabank has issued its inaugural EUR 1 billion, 5-year senior fixed rate Green Bond (the "EUR Green Bond") in the European market pursuant to Scotiabank's Sustainable Issuance Framework released on April 5, 2024 (the "Framework").
The EUR Green Bond represents the largest green or sustainability bond offering by a Canadian financial or corporate to date.
"This is Scotiabank's fourth green or sustainability labeled benchmark bond, and our first in Europe," said Paul Scurfield, Global Head, Capital Markets, Global Banking and Markets at Scotiabank.
In addition to the EUR Green Bond, Scotiabank released another inaugural sustainable finance product governed by the Framework.

Gevo RNG Subsidiary Successfully Remarkets Its Tax-Exempt Green Bonds

Retrieved on:

Monday, April 1, 2024

Municipal solid waste, Natural gas, Letter, GEVO, Green bond, Security (finance)

ENGLEWOOD, Colo., April 01, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today that its wholly-owned subsidiary, Gevo NW Iowa RNG, LLC (“Gevo RNG”), has remarketed the previously issued and currently outstanding Iowa Finance Authority Solid Waste Facility Revenue Bonds (Gevo NW Iowa RNG, LLC Renewable Natural Gas Project), Series 2021 (Green Bonds) (the “Bonds”), which are tax exempt “Green Bond” private activity bonds the proceeds of which were used to finance construction of Gevo RNG’s now operating and expanded renewable natural gas (“RNG”) assets in Northwest Iowa.

Key Points:

ENGLEWOOD, Colo., April 01, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today that its wholly-owned subsidiary, Gevo NW Iowa RNG, LLC (“Gevo RNG”), has remarketed the previously issued and currently outstanding Iowa Finance Authority Solid Waste Facility Revenue Bonds (Gevo NW Iowa RNG, LLC Renewable Natural Gas Project), Series 2021 (Green Bonds) (the “Bonds”), which are tax exempt “Green Bond” private activity bonds the proceeds of which were used to finance construction of Gevo RNG’s now operating and expanded renewable natural gas (“RNG”) assets in Northwest Iowa.
The Bonds were initially issued by the Iowa Finance Authority on April 15, 2021 in a public offering for the benefit of Gevo RNG and for an initial term rate period ending March 31, 2024.
The remarketed bonds are secured by an irrevocable direct pay letter of credit for approximately $69.6 million.
“The Bonds had a mandatory tender date of April 1, 2024 that required us to either tender the bonds or convert and remarket them to bear interest at current rates.

DataBank Establishes $725 Million Financing to Support the Next Phase of Expansion

Retrieved on:

Tuesday, April 9, 2024

Bank of America, PUE, Data, Green bond, TD Securities, Nomura Securities, Goldman Sachs, JPMorgan Chase, Power usage effectiveness, CoBank, Acquisition, A.I, Carbon, Preferred Bank, Water, Citizens Bank, RBC Capital Markets, Cryptocurrency

DALLAS, April 9, 2024 /PRNewswire/ -- DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services, announced today that it has established a new $725 million credit facility with which to finance its ongoing and future data center construction projects.

Key Points:

Flexible financing vehicle will allow company to accelerate construction projects to meet surging demand for data center capacity driven by A.I.
The new capital will fund ongoing expansion in existing markets including on its campuses in New York, Denver, Minneapolis, Salt Lake City, and Dallas.
The financing provides an attractively priced source of capital that is a long-term and scalable solution to meet accelerating demand for capacity within DataBank's footprint.
This also will represent DataBank's second green financing, following closely on the heels of the February 2024 Green Bond.

BMO Publishes an Updated Sustainable Bond Framework with Innovative Green, Social and Transition Financing Categories

Retrieved on:

Thursday, April 4, 2024

Under the updated Sustainable Bond Framework, BMO may issue four types of sustainable bonds: Sustainability Bonds, Green Bonds, Transition Bonds and Social Bonds.

Key Points:

Under the updated Sustainable Bond Framework, BMO may issue four types of sustainable bonds: Sustainability Bonds, Green Bonds, Transition Bonds and Social Bonds.
Recognizing nuclear power's role in energy transition, BMO included nuclear energy as an eligible green financing activity.
"We are pleased to announce these updates to BMO's Sustainable Bond Framework including the addition of nuclear energy and transition uses of proceeds" said Sharon Haward-Laird, General Counsel, BMO Financial Group, and Chair of the BMO Climate Institute.
This is reflected in our inclusion of innovative green, transition and social financing categories in our updated Framework.

Azure Power Announces Suspension of SEC Reporting Obligations

Retrieved on:

Wednesday, April 3, 2024

Annual report, Green bond, Exchange, Rule, Form 6-K, Form, OTC, Fiscal, Security (finance)

GURUGRAM, India, April 3, 2024 /PRNewswire/ -- Azure Power Global Limited (the "Company"), an independent sustainable energy solutions provider and renewable power producer in India, today announced that the Company's US Securities and Exchange Commission ("SEC") reporting obligations under Section 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act), were suspended on April 1, 2024.

Key Points:

GURUGRAM, India, April 3, 2024 /PRNewswire/ -- Azure Power Global Limited (the "Company"), an independent sustainable energy solutions provider and renewable power producer in India, today announced that the Company's US Securities and Exchange Commission ("SEC") reporting obligations under Section 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act), were suspended on April 1, 2024.
On January 29, 2024, 90 days after the NYSE filed Form 25, the Company's shares ceased to be registered with the SEC pursuant to Section 12(b) of the Exchange Act.
Further, on April 1, 2024 the Company's SEC reporting obligations under Section 15(d) of the Exchange Act were suspended as the Company also had less than 300 record holders of its equity securities on that date.
This means that the Company expects that it will not be required to file an annual report on Form 20-F with the SEC for Fiscal 2024; however, its reporting obligations under Mauritius law will continue and its reporting obligations to bondholders under its Green Bond indentures will also continue.