RE Royalties Successfully Closes Second Tranche of Green Bonds Offering

RE Royalties Ltd., a leader in renewable energy royalty financing, announced the completion of the second tranche of its Series 4 secured green bonds private placement. This closing involved the issuance of 1,725 Canadian dollar-denominated bonds and 140 US dollar-denominated bonds, yielding gross proceeds of $1,725,000 and US$140,000, respectively. Combined with the initial tranche closed in August, the total issuance reached 5,879 Canadian dollar bonds and 340 US dollar bonds.

The bonds carry a 9% annual interest, maturing on August 29, 2029. The funds are designated for renewable energy projects aimed at reducing greenhouse gas emissions. Integral Wealth Securities and Canaccord Genuity acted as lead agents for the placement. A commission of $120,750 and US$9,800 was paid, along with issuance of 130,550 Broker Warrants to the agents.