Transaction|Nuclear
Bruce Power completes C$800 million green bond financing
Torys acted as counsel to RBC Capital Markets, CIBC World Markets, National Bank Financial, Scotiabank, TD Securities, BMO Capital Markets, and the syndicate of agents in Bruce Power L.P.’s C$800 million private placement of senior unsecured notes, Series 2026-1.
On September 3, 2026, Bruce Power L.P. (“Bruce Power”) completed the issuance of C$800 million of green bonds. The notes bear interest at a rate of 4.81% per annum and mature on June 21, 2036.
Issued as a Green Financing under Bruce Power’s Green Financing Framework, the notes were sold through a syndicate of agents co-led by RBC Capital Markets, CIBC World Markets, National Bank Financial, Scotiabank, TD Securities, BMO Capital Markets.
Bruce Power is Canada's first private nuclear generator, providing over 30% of Ontario's power.
The Torys team included Michael Zackheim, Shaoor Ahmad and Liane Ali-Hassan (corporate/securities).
Torys also acted on the following in connection with this project:
| Jurisdiction | Kincardine (near Tiverton) |
| Province/State | Ontario |
| Country | Canada |
| Nature of Engagement | Refinance |
| Government Level | Provincial |
| Client | the syndicate of agents |
| Client Role | Dealer |
| Value | $800,000,000 CAD |