Vancouver-based RE Royalties Ltd. is offering five-year green bonds to finance renewable energy projects, the firm said Wednesday.
The bonds require a minimum investment of $5,000 and are eligible for all registered accounts. All net proceeds “will be utilized to finance or re-finance renewable and sustainable energy projects that will reduce or offset greenhouse gas (GHG) emissions and assist in mitigating the impact of climate change,” a release said.
The bonds have a principal amount of $1,000 with a 6% annual interest rate paid quarterly, the firm said.
The bond offering is led by Toronto-based Integral Wealth Securities Limited. The initial closing is expected on Sept. 30, subject to approval of the TSX Venture Exchange.