RioCan Real Estate Investment Trust T.REI.UN

GREEN BOND

[thenewsnake]

What exactly is a "green" bond? They can only use this money to fund their green/eco friendly projects?

https://www.globenewswire.com/news-release/2020/12/14/2144507/0/en/RioCan-Real-Estate-Investment-Trust-Completes-Green-Bond-Offering-500-Million-of-5-5-Year-Series-AD-Senior-Unsecured-Debentures-at-an-Annual-Coupon-Rate-of-1-974.html

[sunsurfer11]

A green bond has to be used for green projects and are put through a verification process...not terribly difficult to achieve the certification ok..the plus is you get some preferential terms and access to some funds that have exclusive green criteria and are willing to give you some sort of premium via rate or other terms...good move on rio can to tap this mkt

[hroark7]

Those suckers are giving us cheaper loans, good for us.

[thenewsnake]

Yeah but won't riocan need to spend this money on expensive lighting, state of the art energy efficiency appliances etc

[CANCDN]

who gives a s hit about green BS. Even if it is more expensive. This Paris BS is going to make us all filthy rich. The whole purpose of the carbon tax is to force people to use public transit, discourage urban sprawl and get everyone into  500sqft apartments and condos.  I tried to fight it, but even the cons are going full Paris agreement. The fight is over, might as well make money

[thenewsnake]

I own 250K in HR too, and they got the BOW. Hope Alberta starts moving away from CRUDE