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Bruce Power issues C$600M Series 2024-1 green bonds

Date Closed

March 12, 2024

Lead Office



600.00 Million CAD

On March 12, 2024, Bruce Power L.P. ("Bruce Power") completed its issuance of C$600 million 4.70% Series 2024-1 Senior Unsecured Notes (the "Notes"). The Notes were green bonds issued in accordance with Bruce Power’s Green Financing Framework established in accordance with the Green Bond Principles issued by the International Capital Market Association and the Green Loan Principles issued by the Loan Market Association and Loan Syndications and Trading Association (the “BP Green Financing Framework”). Bruce Power intends to use the proceeds to finance or re-finance new and/or existing eligible investments under the BP Green Financing Framework.

Bruce Power is an electricity company based in Bruce County, Ontario, that has a reputation for delivering clean, reliable, low-cost nuclear power to families and businesses across the province.

McCarthy Tétrault advised Bruce Power with a team led by Andrew Parker that included Daryna Kutsyna, Britney Schyf and Angela Lizotte (Business).