RE Royalties (TSE:RE) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.