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Ivanhoé Cambridge successfully issues its first sustainability bond, for C$300 million
As part of its sustainable finance program, Ivanhoé Cambridge announces the successful issuance of its first sustainability bond, rated AA(low) by DBRS1, in an amount of C$300 million. The issue carries a coupon rate of 4.994% and matures on June2, 2028. Ivanhoé Cambridge becomes the first real estate investor to issue a senior unsecured sustainability bond2 in Canada. This sustainability bond has enabled Ivanhoé Cambridge to broaden its investor base and marks another important step in the company’s ambition to be a leading global sustainable investor.
The bond was placed with 35investors, the majority of whom considered the sustainable characteristics of this instrument to be a decisive factor in their investment decision.