Climate bond

KBRA Assigns AA+ Rating to TBTA’s Payroll Mobility Tax (PMT) Senior Lien Refunding Green Bonds, Series 2023A (Climate Bond Certified)

Retrieved on: 
fredag, december 16, 2022
Banking, Professional Services, Finance, Ontario Securities Commission, Triborough Bridge, Tunnel, TBTA, KBRA, Climate bond, CRA, Credit, Metropolitan Transportation Authority, Insurance commissioner, Issuer, Prospectus, Jetivia SA v Bilta (UK) Limited (in liquidation), European Securities and Markets Authority, Union, PMT, National Association, ESG, National Association of Insurance Commissioners, Security (finance), Telescopic sight

KBRA assigns a long-term rating of AA+ with a Stable Outlook to the Triborough Bridge and Tunnel Authority (TBTA) Payroll Mobility Tax (PMT) Senior Line Refunding Green Bonds, Series 2023A (Climate Bond Certified).

Key Points: 
  • KBRA assigns a long-term rating of AA+ with a Stable Outlook to the Triborough Bridge and Tunnel Authority (TBTA) Payroll Mobility Tax (PMT) Senior Line Refunding Green Bonds, Series 2023A (Climate Bond Certified).
  • Concurrently, KBRA affirms the long-term AA+ rating with a Stable Outlook for the outstanding TBTA Payroll Mobility Tax Senior Lien Bonds and the short-term K1+ rating to the PMT Bond Anticipation Notes issued by TBTA and the Metropolitan Transportation Authority.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.

Enviva Prices $100 Million in Tax-Exempt Green Bonds

Retrieved on: 
torsdag, november 17, 2022
Forest Products, Agriculture, Natural Resources, Other Natural Resources, Sale, Steel, Inc., Loan Market Association, United Kingdom, Plant, Offering, Loan Syndications and Trading Association, News, International Capital Market Association, Port of Wilmington (Delaware), NYSE, Port, LMA, Wood, Acquisition, Security (finance), Issuer, Green, LSTA, Union, Climate bond, ICMA, Enviva, Bond

Enviva Inc. (NYSE: EVA) (Enviva or the Company) today announced that it has priced $100,000,000 of bonds in the U.S. tax-exempt market (the Bonds or the Tax-Exempt Green Bonds and such offering, the Offering) through the Mississippi Business Finance Corporation (the Issuer).

Key Points: 
  • Enviva Inc. (NYSE: EVA) (Enviva or the Company) today announced that it has priced $100,000,000 of bonds in the U.S. tax-exempt market (the Bonds or the Tax-Exempt Green Bonds and such offering, the Offering) through the Mississippi Business Finance Corporation (the Issuer).
  • The Tax-Exempt Green Bonds will bear interest at an annual rate of 7.75% and mature in 2047, with the option for holders to redeem at par in 2032.
  • Enviva and the Issuer expect to close the transaction on or about November 22, 2022, subject to customary closing conditions.
  • Enviva estimates that the net proceeds of this Offering will be approximately $98,000,000, after deducting the underwriters discount and other transaction-related costs.

Enviva Announces Tax-Exempt Green Bond Offering

Retrieved on: 
måndag, november 14, 2022
Forest Products, Agriculture, Natural Resources, Other Natural Resources, Sale, Marketing, Steel, Inc., Loan Market Association, United Kingdom, Plant, Offering, Loan Syndications and Trading Association, News, International Capital Market Association, Port of Wilmington (Delaware), NYSE, Port, LMA, Wood, Security (finance), Issuer, Climate, LSTA, Union, Climate bond, ICMA, Enviva, Bond

Enviva Inc. (NYSE: EVA) (Enviva, the Company, or the Borrower) today announced that the Mississippi Business Finance Corporation (the Issuer), intends to issue its Exempt Facilities Revenue Bonds (Enviva Inc. Project), Series 2022 (Green Bonds) (the Bonds and such offering, the Tax-Exempt Green Bond Offering or the Offering) in the aggregate principal amount of $100,000,000 (preliminary and subject to change).

Key Points: 
  • Enviva Inc. (NYSE: EVA) (Enviva, the Company, or the Borrower) today announced that the Mississippi Business Finance Corporation (the Issuer), intends to issue its Exempt Facilities Revenue Bonds (Enviva Inc. Project), Series 2022 (Green Bonds) (the Bonds and such offering, the Tax-Exempt Green Bond Offering or the Offering) in the aggregate principal amount of $100,000,000 (preliminary and subject to change).
  • The proceeds of the Offering will be loaned to Enviva pursuant to a Loan and Guaranty Agreement (the Loan Agreement) to fund a portion of the costs of acquiring, constructing, equipping, and financing Envivas wood pellet production plant to be located near Bond, Mississippi and certain related costs thereto, and to pay costs and expenses of the Offering.
  • Enviva is planning to commence construction of its 12th plant, near Bond, Mississippi, in early 2023.
  • Enviva cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Enviva.

Canadian Solar Announces Operation of 100 MWp Solar Project in Japan

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torsdag, november 17, 2022
Tohoku Electric Power, JPY, Uncertainty, Environmental impact assessment, Security (finance), Government, Maintenance, Legislation, Climate bond, Annual report, Partnership, TSE, Carbon, Mount Azuma-kofuji, 2011 Tōhoku earthquake and tsunami, Hiku, Morgan Solar Inc, Failure, COVID-19, Kilowatt-hour, Fukushima Prefecture, Pressure, Fukushima (city), Solar, Harbor, Solar energy, Renewable energy, Canadian Solar

GUELPH, ON, Nov. 17, 2022 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that its Japan flagship mega-project, the 100 MWp Azuma Kofuji solar project located in the Fukushima Prefecture, recently reached commercial operation.

Key Points: 
  • GUELPH, ON, Nov. 17, 2022 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that its Japan flagship mega-project, the 100 MWp Azuma Kofuji solar project located in the Fukushima Prefecture, recently reached commercial operation.
  • The Azuma Kofuji project is Canadian Solar's largest project in Japan and Fukushima Prefecture's largest operational solar project to date.
  • We thank our financing partners who continue to support Canadian Solar with low-cost capital, which allow us to develop and expand our high-quality project portfolio in Japan."
  • Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies.

Bruce Power joins Canadian delegation at COP27 to promote role of nuclear energy in global decarbonization efforts

Retrieved on: 
tisdag, november 8, 2022
Zero, YouTube, Exhibition, Canadian Nuclear Association, International Atomic Energy Agency, Investment, COP26, TC Energy, Partnership, Corporate Affairs, CNA, Environment, Technology, OMERS, Power, Natural Resources Canada, Climate change, IAEA, Federation, Electricity, British Columbia Ministry of Environment and Climate Change Strategy, Program, Ministry, Bruce Power, ECCC, Society, Renewable energy, Facebook, Climate bond

Bruce Power, in returning Units 1-4 to service from 2003-12, provided the province with 70 per cent of the carbon-free energy it needed to shut down coal, which it accomplished in 2014.

Key Points: 
  • Bruce Power, in returning Units 1-4 to service from 2003-12, provided the province with 70 per cent of the carbon-free energy it needed to shut down coal, which it accomplished in 2014.
  • In 2021, the company announced the issuance of $500 million in Green Bonds, a global first for nuclear power and recognition of the critical role the technology plays in fighting climate change.
  • Bruce Power is participating in COP27 as part of the Canadian Nuclear Association (CNA) delegation.
  • The CNA delegation is also partnered with the International Atomic Energy Agency (IAEA) and will support its program, panels, and exhibition.

KBRA Assigns AA+ Rating, Stable Outlook to TBTA’s PMT Senior Lien Green Bonds, Series 2022E (Climate Bond Certified)

Retrieved on: 
torsdag, oktober 20, 2022
Professional Services, Finance, National Association of Insurance Commissioners, Climate bond, Triborough Bridge, Union, U.S. Securities and Exchange Commission, Metropolitan Transportation Authority, Outlook, Insurance commissioner, CRA, European Securities and Markets Authority, ESG, LLC, National Association, Series (botany), Ontario Securities Commission, MTA, Investor Protection and Securities Reform Act of 2010, PMT, Ban, KBRA, Tunnel, Société des Produits Nestlé S.A. v. Cadbury UK Limited, Prospectus, TBTA, Credit, Issuer, Security (finance), Public utility, Telescopic sight

KBRA assigns a long-term AA+ rating to the Triborough Bridge and Tunnel Authority (TBTA) Payroll Mobility Tax (PMT) Senior Lien Green Bonds, Series 2022E (Climate Bond Certified), which consists of:

Key Points: 
  • KBRA assigns a long-term AA+ rating to the Triborough Bridge and Tunnel Authority (TBTA) Payroll Mobility Tax (PMT) Senior Lien Green Bonds, Series 2022E (Climate Bond Certified), which consists of:
    Payroll Mobility Tax Senior Lien Green Bonds, Subseries 2022E-1 (Climate Bond Certified)
    Payroll Mobility Tax Senior Lien Variable Rate Refunding Green Bonds, Subseries 2022E-2a (Secured Overnight Financing Rate Tender Notes Climate Bond Certified)
    Payroll Mobility Tax Senior Lien Refunding Green Bonds, Subseries 2022E-2b (Climate Bond Certified)
    The Outlook for all of the above bonds is Stable.
  • At the same time, KBRA affirms the long-term AA+ rating, with a Stable Outlook, on the outstanding PMT Senior Lien Bonds issued by the TBTA and the short-term K1+ rating on the outstanding PMT Bond Anticipation Notes (BANs) issued by the TBTA and Metropolitan Transportation Authority (MTA).
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.

Baker Tilly achieves approved verifier status for green bonds in the U.S.

Retrieved on: 
tisdag, oktober 11, 2022
Consulting, Socially Responsible Investing, Accounting, Environmental Policy, Professional Services, State, Local, Environmental Health, Environmental, Social and Governance (ESG), Public Policy, Government, Environment, Finance, Climate bond, LinkedIn, Biophysical environment, Monitoring Certification Scheme, Standard, Public sector, Certification, Policy, ESG, Organization, Baker Tilly International, Carbon, Research, Twitter, Investment, Facebook, Social, Wind, Climate, CPA, Accounting, Approved, LLP, Geothermal energy, Solution, Security (finance)

Leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly) announces its award of the Approved Verifier status under the Climate Bonds Standard and Certification Scheme, which is an industry standard for labeling bonds, loans and other debt instruments.

Key Points: 
  • Leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly) announces its award of the Approved Verifier status under the Climate Bonds Standard and Certification Scheme, which is an industry standard for labeling bonds, loans and other debt instruments.
  • Baker Tilly is proud to contribute to the advancement and assurance of the green bond market, said Vicki Hellenbrand, Baker Tilly managing partner and public sector practice leader.
  • As an Approved Verifier, Baker Tilly assesses the eligibility of projects under the Sector Criteria developed by Climate Bonds such as: bioenergy; low-carbon buildings, electrical grids and storage; geothermal energy; hydropower; low-carbon transport, solar, wind, waste and water sectors in the U.S. As an Approved Verifier, Baker Tilly may produce pre-issuance and post-issuance verifier reports.
  • About Climate Bonds Certification: Climate Bonds Certification framework has been designed to work in parallel with the normal process for issuing bonds, loans or other debt products.

KBRA Releases Report Assigning K1+ and AAA Ratings to Various San Diego Unified School District 2022 GO Bonds; Affirms Ratings for Parity Debt; Outlook Remains Stable

Retrieved on: 
fredag, september 9, 2022
Banking, Professional Services, Finance, Valorem, National Association, 5 Forward Delivery Squadron, European Securities and Markets Authority, UK, CRA, Prospectus, Climate bond, AAA, KBRA, U.S. Securities and Exchange Commission, Louisiana Insurance Commissioner, Credit, Election, Electric Bond and Share Company v. Securities and Exchange Commission, Ontario Securities Commission, National Association of Insurance Commissioners, Dedicated, San Diego Unified School District, ESG, LLC, Surety, Jetivia SA v Bilta (UK) Limited (in liquidation), Security (finance), Public utility

To access ratings and relevant documents, click here .

Key Points: 
  • To access ratings and relevant documents, click here .
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

U. S. Steel Enhances its Strong Balance Sheet with Sustainable Financing; Completes Successful Tender Process

Retrieved on: 
tisdag, september 6, 2022
Sustainability, Environment, Other Manufacturing, Steel, Environmental Policy, Recycling, Green Technology, Manufacturing, Citigroup, Security (finance), Safety, Securities Exchange Act of 1934, NYSE, Climate bond, Securities Act of 1933, International Capital Market Association, Green, Time, Morgan Stanley, Nature, Wells Fargo, Risk, Iron, Goldman Sachs, U.S. Steel, Policy, U.S. Securities and Exchange Commission, BofA Securities, EAF, Company, MSCI EAFE, Annual report, BR2, Forward-looking statement, Steel, Central Europe, J. P. Morgan, Barclays

Separately, the Company successfully repurchased approximately $300 million of outstanding debt at a discount to par through a tender offer process completed last week.

Key Points: 
  • Separately, the Company successfully repurchased approximately $300 million of outstanding debt at a discount to par through a tender offer process completed last week.
  • Together, these actions result in the following improvements:
    Extended maturity profile: Weighted average duration of all outstanding debt extended by two years.
  • The facility will recycle, refine, and process scrap steel into finished steel products.
  • U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe.

KBRA Assigns AA+ Rating, Stable Outlook to TBTA’s PMT Senior Lien Refunding Green Bonds, Subseries 2022D-1a and 2022D-1b and Senior Lien Green Bonds, Subseries 2022D-2

Retrieved on: 
fredag, september 2, 2022
Professional Services, Finance, National Association, European Securities and Markets Authority, CRA, Prospectus, Triborough Bridge, Outlook, Series (botany), Metropolitan Transportation Authority, TBTA, KBRA, Insurance commissioner, Société des Produits Nestlé S.A. v. Cadbury UK Limited, Climate bond, Credit, Union, U.S. Securities and Exchange Commission, Ontario Securities Commission, MTA, National Association of Insurance Commissioners, Issuer, PMT, ESG, LLC, Ban, Tunnel, Security (finance), Public utility

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Key Points: 
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority.
  • Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.