Deals Counterparts

Bruce Power issues $950 million in Green Bonds

Financing Nuclear announced Canada Dec 8, 2025
USD950M
Deal Value
Life Extension Program
Project

Bruce Power issued an additional $950 million in Green Bonds on a private placement basis in each of the provinces of Canada. The Green Bonds will support Bruce Power's Life Extension Program and other projects.

Source Intelligence

KEY DETAILS

Bruce Power has cumulatively issued $3.3 billion in Green Bonds through five offerings. Quote: Since becoming the first nuclear operator in the world to issue Green Bonds in 2021, Bruce Power now has cumulatively issued $3.3 billion in Green Bonds through five offerings. Bruce Power updated its Green Financing Framework in November of 2023. Quote: In November of 2023, Bruce Power updated its Green Financing Framework and S&P Global Ratings assessed the Framework as ‘Medium Green’ on a scale of Light, Medium and Dark. Bruce Power's Major Component Replacement (MCR) project will see Units 3-8 refurbished by 2033. Quote: Bruce Power has a strong track record of delivering clean energy projects, including its Major Component Replacement (MCR) project, which will see Units 3-8 refurbished by 2033.

Deal Size
Bruce Power announces the issue of an additional $950 million in Green Bonds
Location
Bruce Power is announcing that it will issue an additional $950 million in Green Bonds as it continues to power Ontario forward through operations and projects that drive the economy.
Announcement
Bruce Power announces the issue of an additional $950 million in Green Bonds as it powers Ontario’s clean energy future
Expected Close
the closing of the offering took place Dec. 8, 2025
PARTIES MENTIONED IN SOURCE
B
BMO Capital Markets advisor

"The Green Bonds are being offered in each of the provinces of Canada by a syndicate of agents led by BMO Capital Markets, RBC Capital Markets, and TD Securities, which includes Scotia Capital, CIBC World Markets and National Bank Capital Markets.”"

R
RBC Capital Markets advisor

"The Green Bonds are being offered in each of the provinces of Canada by a syndicate of agents led by BMO Capital Markets, RBC Capital Markets, and TD Securities, which includes Scotia Capital, CIBC World Markets and National Bank Capital Markets.”"

T
TD Securities advisor

"The Green Bonds are being offered in each of the provinces of Canada by a syndicate of agents led by BMO Capital Markets, RBC Capital Markets, and TD Securities, which includes Scotia Capital, CIBC World Markets and National Bank Capital Markets.”"

S
Scotia Capital advisor

"The Green Bonds are being offered in each of the provinces of Canada by a syndicate of agents led by BMO Capital Markets, RBC Capital Markets, and TD Securities, which includes Scotia Capital, CIBC World Markets and National Bank Capital Markets.”"

C
CIBC World Markets advisor

"The Green Bonds are being offered in each of the provinces of Canada by a syndicate of agents led by BMO Capital Markets, RBC Capital Markets, and TD Securities, which includes Scotia Capital, CIBC World Markets and National Bank Capital Markets.”"

N
National Bank Capital Markets advisor

"The Green Bonds are being offered in each of the provinces of Canada by a syndicate of agents led by BMO Capital Markets, RBC Capital Markets, and TD Securities, which includes Scotia Capital, CIBC World Markets and National Bank Capital Markets.”"

T
TC Energy investor

"Formed in 2001, Bruce Power is a Canadian-owned partnership of TC Energy, OMERS, the Power Workers’ Union and The Society of United Professionals."

O
OMERS investor

"Formed in 2001, Bruce Power is a Canadian-owned partnership of TC Energy, OMERS, the Power Workers’ Union and The Society of United Professionals."

P
Power Workers’ Union investor

"Formed in 2001, Bruce Power is a Canadian-owned partnership of TC Energy, OMERS, the Power Workers’ Union and The Society of United Professionals."

T
The Society of United Professionals investor

"Formed in 2001, Bruce Power is a Canadian-owned partnership of TC Energy, OMERS, the Power Workers’ Union and The Society of United Professionals."

high quality Enriched Feb 19, 2026

Timeline

Announced
Dec 8, 2025
Signed
Closed

Market Context

This deal is part of the Nuclear sector in Canada.
64
Nuclear deals
78
deals in Canada
1 of 63 Nuclear deals tracked this month · Updated daily

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