UP TO $20 MILLION OF SERIES 3 SECURED GREEN BONDS VANCOUVER, BC , Dec. 9, 2022 /CNW/ - RE Royalties Ltd. (TSXV: RE), a global leader in renewable energy royalty-based financing, is pleased to announce a marketed, best efforts, public offering of Series 3 secured green bonds of the Company (the "Green Bonds" ), for gross proceeds of up to C$20,000,000 (the " Offering "). The Green Bonds will be offered in the principal amounts of C$1,000 or US$l,000 (the " Offering Price "). Canaccord Genuity Corp. will act as the sole bookrunner and co-lead agent alongside Integral Wealth Securities Limited as co-lead agent (collectively, the " Agents ").
The Green Bonds will have a term of five years and bear interest at a rate of 9% per annum, payable quarterly, and will be senior obligations of the Company secured against the Company's portfolio of royalty and loan investments.
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My wife and I expect to buy some of those 9% bonds for our TFSAs