Canadian Solar Renews EUR 100 Million Note Program

• The notes may qualify as "green bonds" according to the International Capital Market Association (ICMA) Green Bond Principles.
• The notes will just be supplied and also sold to non-US persons outside the USA.

Canadian Solar Inc. has actually revealed that Canadian Solar EMEA Capital Markets, its wholly-owned subsidiary in Spain, has registered its EUR 100 million medium term note program in the MARF (a Spanish multilateral trading facility).

Canadian Solar stated that any kind of payment under the notes provided under the note program will certainly be ensured by the business. The notes may qualify as "green bonds" pursuant to the International Capital Market Association (ICMA) Green Bond Principles and the Green Financing Framework of Canadian Solar.

The Green Financing Framework got a beneficial third-party viewpoint from Sustainalytics.

Canadian Solar stated that the notes will just be provided as well as marketed to non-US individuals outside the United States in reliance on Regulation S under the United State Securities Act of 1933. The notes have actually not been, and will not be, signed up under the Securities Act or the safety and securities laws of any state or various other territory in the USA. The notes may not be used or marketed in the United States missing registration or a relevant exemption from enrollment requirements.

The official declaration of Canadian Solar said, "In the European Union, the notes will just be guided to 'qualified investors' as specified in Regulation (EU) 2017/1129, consisting of (i) eligible counterparties, as specified in Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 (MiFID II) and the Spanish Real Decreto Legislativo 4/2015, de 23 de octubre (the Spanish Securities Act); and also (ii) specialist clients, as specified in MiFID II as well as the Spanish Securities Act, or any arrangement which may replace or supplement them in the future."

The note program supplies Canadian Solar a framework that can allow it to rapidly access the capital markets and also elevate capital in a series of issuances, raising its sustainable financial investment footprint as well as utilizing the earnings to fund the advancement as well as acquisition of brand-new solar PV as well as battery storage projects, both country wide as well as internationally.

The notes will certainly have a minimum denomination of EUR 100,000 each, while their rates of interest as well as maturations will certainly be figured out at the time of each issuance.