RE Royalties Completes Final Tranche of Green Bond Offering

RE Royalties Ltd. has successfully completed the final tranche of its Series 4 senior secured green bonds via a non-brokered private placement. The company issued 650 CAD-denominated bonds, amassing $650,000 in proceeds. In total, through various offerings, the company raised $6,529,000 CAD and $340,000 USD.

The green bonds, due August 29, 2029, offer a 9% annual interest rate, paid quarterly, and are secured against the company’s investments. Proceeds will fund renewable energy projects aimed at reducing greenhouse gas emissions.

The issuance aligns with the International Capital Market Association’s Green Bond Principles. The company paid $45,500 in advisory fees and issued 45,500 warrants at $0.50 each as part of the transaction. These securities are held under a four-month hold period, expiring April 6, 2025.