AIMCo Realty Releases Its First Green Bond Allocation Report
AIMCo Realty has released its inaugural Green Financing Allocation Report as required pursuant to its Green Financing Framework. The report provides information such as amounts allocated to Eligible Green Projects, a description of the Eligible Green Projects financed with allocated funds under the Green Bond, a brief project summary, and certain impact metrics related to each Eligible Green Project.
In November 2021, AIMCo Realty Investors LP released its Green Financing Framework and announced it had concluded the sale of $500 million in 5-year senior unsecured green bonds maturing November 4, 2026. AIMCo Realty is the primary vehicle of Alberta Investment Management Corporation (AIMCo) to invest in Canadian real estate on behalf of AIMCo’s public pension, endowment and government fund clients. The notes were AIMCo Realty’s inaugural green bond issuance in line with the framework. The notes have a coupon of 2.195% and are rated AA (low) by DBRS Limited.