Weekly update: TerraForm Power Operating issues largest green bond of 2015 so far - US$800m - for wind and solar, and it’s high yield (5.875%, B1/BB-, 8-yr)
Submitted on Thu, 2015-01-29 14:21The major story this week is the huge high-yield green bond from the yieldco TerraForm Power Operating; seeing more high-yield bonds is a sign that the green bond market is continuing to mature. In addition to TerraForm, more green bonds from repeat issuers OPIC, World Bank, IFC and Credit Agricole have been announced and will be closing in the coming weeks. For today, let’s dig deeper into the latest green high-yield offering.