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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

Published: 15 Feb 2013

> 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

 

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