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Bloomberg
Pattern Energy Operations LP is raising $700 million to help finance sustainable projects, the biggest green high-yield bond sale since 2017.
The San Francisco-based company is offering senior unsecured notes maturing in eight years, according to a person with knowledge of the matter. Royal Bank of Canada, BMO Financial Group and Citigroup Inc are managing the transaction, the person said.
Pattern’s deal is the biggest environmentally friendly junk note sale since utility services provider Greenko Dutch BV tapped the
US high-yield market for $1 billion of green bonds in 2017.