By Devika Patel
Knoxville, Tenn., Sept. 18 – Brookfield Renewable Partners LP priced C$300 million of 4.25% series 11 medium-term notes in the form of green bonds (BBB+//DBRS: BBB (high)) due Jan. 15, 2029 on Tuesday, according to a press release.
The notes will be sold in Canada through agents Scotia Capital Inc., TD Securities LLC, CIBC World Markets Inc., HSBC Securities (Canada) Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and National Bank Financial Inc.
The notes will represent Brookfield’s inaugural, corporate-level green bond in Canada.
Proceeds will be used to finance and/or refinance investments in renewable power generation and to support the development of clean energy technologies.
The Toronto-based company, part of Brookfield Asset Management, is an alternative asset manager that operates a portfolio of hydroelectric and wind facilities in North America, Latin America and Europe.
| Issuer: | Brookfield Renewable Partners LP
|
| Securities: | Series 11 medium-term notes or green bonds
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| Amount: | C$300 million
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| Maturity: | Jan. 15, 2029
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| Agents: | Scotia Capital Inc., TD Securities LLC, CIBC World Markets Inc., HSBC Securities (Canada) Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and National Bank Financial Inc.
|
| Coupon: | 4.25%
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 20
|
| Ratings: | S&P: BBB+
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| DBRS: BBB (high)
|
| Distribution: | Canada
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