RE Royalties (TSE:RE) has released an update.
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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.
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