Renewable Energy

Issuer: Mercury NZ Ltd

Amount (USD): $133 million

Country: New Zealand

Issuer Type: Non-Financial Corporate

Bond Type: Use of Proceeds Bond

Description of Impact: Mercury is a renewables company providing around 17% of New Zealand’s electricity generation. Proceeds from their bond will be allocated towards their wind and geothermal energy assets.

Price Summary: N/A

Credit Rating: BBB+ (S&P)

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Energy Efficiency

Issuer: Ijsbeer Energie Europa

Amount (USD): $39 million

Country: Netherlands

Issuer Type: Non-Financial Corporate

Bond Type: N/A

Description of Impact: Ijsbeer’s green bond is directed at its underlying project, Project Ice Block, which will use the circular economy as a guiding principle to retrofit the existing combined heat and power facility (CHP) to increase energy utilization of the facility from 25% to 90%. 65% increase in energy utilization.

Price Summary: N/A

Credit Rating: N/A

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Sustainable Waste and Wastewater Management

Issuer: Town of Schererville, Lake County

Amount (USD): $3.385 million

Country: USA

Issuer Type: Local Government

Bond Type: US Municipal

Description of Impact: The Town Municipal Sewer Utility serves wastewater needs of approximately 45,000 people. This revenue bond will be utilized to refund an original bond that previously funded sewage construction/ improvements in 2010. BAM GreenStar Bond.

Price Summary:

  • Yield – 1.25%
  • Coupon – 4%
  • Price – 124.77%

Credit Rating: AA (S&P)

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Green Buildings

Issuer: Sparebank 1 Beligkreditt (SpaBol)

Amount (USD): $919 million

Country: Norway

Issuer Type: Financial Corporate

Bond Type: Use of Proceeds Bond

Description of Impact: The aim of the issuance is to finance and refinance a mortgage asset pool with added environmental value, focusing on energy performance. The bond will refinance an existing mortgage loans portfolio with residential buildings in Norway that comply with the following Norwegian building codes:

  • For houses: the code of 2007 (TEK07) or later codes
  • For apartments: the code of 2010 (TEK10) or later codes

Price Summary: N/A

Credit Rating: AAA from Moody’s

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Green Transportation

Issuer: Transbay Join Powers Authority

Amount (USD): 271.2m

Country: United States

Issuer Type: Local Transport Authority

Bond Type: Use of Proceeds Bond

Description of Impact: The Transbay Transit Center Program (the “Program”) is expected to increase transit use through intermodal connections for eight Bay Area counties and the State of California through eleven transportation systems

Price Summary: N/A

Credit Rating: AAA (S&P)

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Waste Management

Issuer: Pet Refine Technology Co., LTD

Amount (USD): 16.7m

Country: Japan

Issuer Type: Non-Financial Corporate

Bond Type: Loan

Description of Impact: PET Refine Technology Co., LTD intends to use the proceeds to finance investments in a PET (polyethylene terephthalate) bottle recycling factory in Kawasaki City, Japan. The factory had been operating between 2009 to 2017. These investments will upgrade and refurbish the factory in order to resume its operations in the summer of 2021.

Price Summary: N/A

Credit Rating: Adequate Balance sheet / Revenues

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