Bruce Power issues world’s first green bond for nuclear power
On November 22, 2021, Bruce Power L.P. (“Bruce Power”) announced that it issued, on a private placement basis, C$500 million in green bonds—a global first for nuclear power. The bonds also represent Bruce Power’s first green bond offering under its Green Financing Framework.
The bonds were offered on an agency basis by a syndicate of agents co-led by BMO Capital Markets, HSBC Securities (Canada) Inc. and TD Securities Inc.
The proceeds from the historic green bond offering will be used or allocated in accordance with Bruce Power’s Green Financing Framework to finance or re-finance eligible investments associated with life extension and increasing output of existing units.
Bruce Power intends to allocate the net proceeds of the offering to fund the financing and/or refinancing of eligible green projects as described in its Green Financing Framework.
Further information can be found on Globe Newswire’s website.
Bruce Power is Canada's first private nuclear generator, providing 30% of Ontario's power.