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 June 2, 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 35 investors, the majority of whom considered the sustainable characteristics of this instrument to be a decisive factor in their investment decision.

For more details, read the complete news release on Ivanhoé Cambridge's website.