It may not be the first of its kind following the recent unveiling of new rules allowing a broader group of investors to participate in the exempt market.
But it is the first by CoPower, a Montreal-based online lender (which also has an office in Toronto) that’s focused on clean energy and which has just launched its first green bond offering.
“We were poised to jump,” said Trish Nixon, a partner at CoPower, when explaining how the offering is being launched within a few weeks of the new prospectus exemption rules being unveiled. “We were waiting for the new rules to come into effect so that our product would be more accessible.”