Snippets: Canada to see $700m RE bonds in 2013 / USA took 70% of IFC's $1bn green bond / FT predicts 2013 as year of rooftop solar securitization

> Canada's BMO Capital is, according to this story, predicting C$772-million of renewable energy project finance bonds from the country in 2013. For example, expect to see a new 17yr wind bond from Brookfield / Comber Wind. DBRS have already rated it  BBB.

> IFC $1bn Green Bond snippets:

1. Within an hour of opening, books were oversubscribed; the deal closed 3 hours later, by now heavily oversubscribed.

2. There were 56 buyers:

  • Asset Managers 30%
  • Corporates 17%
  • Official Institutions 16%
  • Central Banks 16%
  • Pension / Insurance 13%
  • Banks 8%
  •  

3. US buyers took the bulk:

  • Americas: 70% (don't let Tea Partiers tell you green isn't wanted in the USA!)
  • Europe & Middle East buyers: 25%
  • Asia: 5%
  •  

> The Financial Times ran a story on Monday asserting that: “Solar assets and related cash flows are very similar to various consumer and commercial assets that we have securitised in different venues.” http://goo.gl/dv0Ni