August 8, 2022
Canada's Innergex Renewable Energy said Friday that it refinanced $803 million in debt in Chile at "more favorable terms" by issuing $710 million in 2036 green bonds and getting a letter of credit for $93.1 million.
"A core group of global institutional investors participated in the transaction, which saw strong demand and was significantly oversubscribed," Innergex said in a press release, adding that bonds priced at "competitive levels."
Innergex will use $176 million to refinance three Aela w
Canadian renewable energy company issues $710 mln in 14-year green bonds and takes out a $93 mln loan to pay off debt