RE Royalties (TSE:RE) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
RE Royalties has successfully closed its final tranche of Series 4 Green Bonds, raising a total of $6.8 million to fund renewable energy projects. The bonds, which bear a 9% annual interest rate, will mature in 2029 and are secured against the company’s portfolio. Proceeds will be used to finance projects aimed at reducing greenhouse gas emissions.
For further insights into TSE:RE stock, check out TipRanks’ Stock Analysis page.