Nuclear Energy Generator Splits ESG Buyers With Green Bond
- Canada’s Bruce Power sold C$500 million in seven-year debt
- Sustainable investors weigh environmental costs and benefits
A Canadian utility is selling green bonds to help fund an overhaul of nuclear reactors, a rare use of proceeds that will challenge sustainable debt investors.
Photographer: Thierry Monasse/BloombergThis article is for subscribers only.
A Canadian utility sold green bonds to help fund an overhaul of nuclear reactors, a rare use of proceeds that was seen as a test for sustainable debt investors.
Bruce Power LP priced C$500 million ($396.8 million) in bonds on Thursday after holding meetings this week to discuss its green financing framework, according to people familiar with the matter. It got orders for almost six times the size of the issue, said the people.