Hannon Armstrong joins growing green convertibles market

By Aidan Gregory
20 Aug 2020

Momentum in the burgeoning green convertible bond market has continued this week with a new $125m issue from Hannon Armstrong Sustainable Infrastructure Capital Inc (HASI), the New York-listed real estate investment trust focused on sustainable properties and assets.

The three year bond was priced at a zero coupon, highlighting the attractive terms that issuers of green convertible bonds can achieve by using the structure to capture a much broader pool of investor demand than on an ordinary convertible. The conversion premium was fixed at 27.5% above ...

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