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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%
3. US buyers took the bulk:
- Americas: 70% (don't let Tea Partiers tell you green isn't wanted in the USA!)
> 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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