Brookfield Renewable to Issue CDN$425 Million of Green Bonds

Nachrichtenquelle: globenewswire
12.08.2020, 00:11  |  190   |   |   

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES

BROOKFIELD, News, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable”) today announced that it has agreed to issue CDN$425 million aggregate principal amount of medium-term notes, Series 14, due August 13, 2050, which will bear interest at a rate of 3.33% per annum, payable semi-annually (the “Notes”). Brookfield Renewable Partners ULC (“Finco”), a subsidiary of Brookfield Renewable, will be the issuer of the Notes, which will be fully and unconditionally guaranteed by Brookfield Renewable and certain of its key holding subsidiaries.

“We are pleased to announce the issuance of our fifth corporate-level green bond offering, which brings our total green issuances to date to over $3 billion and further strengthens our position as a leading issuer of sustainable capital,” said Sachin Shah, Chief Executive Officer of Brookfield Renewable. “The issuance meaningfully extends the duration of our corporate debt profile while reducing our cost of borrowing and reflects the high-quality nature of our renewable power portfolio.”

The Notes will be issued pursuant to a base shelf prospectus dated July 17, 2019 and a related prospectus supplement and pricing supplement to be dated August 11, 2020. The issue is expected to close on or about August 13, 2020 subject to customary closing conditions.

The Notes will represent Brookfield Renewable’s fifth corporate-level green bond offering in Canada. Brookfield Renewable intends to use the net proceeds from the sale of the Notes to repay indebtedness incurred by Brookfield Renewable to fund Eligible Investments (as defined in Brookfield Renewable’s Green Bond and Preferred Securities Framework dated February 2020), including the early redemption of the 4.79% medium term notes issued by Finco due February 7, 2022. The Green Bond and Preferred Securities Framework is available on Brookfield Renewable’s website and described in the prospectus supplement in respect of the offering.

The Notes have been rated BBB+ by Standard & Poor's Rating Services and BBB (high) with a stable trend by DBRS Limited.

The Notes are being offered through a syndicate of agents led by CIBC Capital Markets, BMO Capital Markets and RBC Capital Markets and including National Bank Financial Markets, Scotiabank, HSBC, TD Securities, Mizuho Securities, MUFG, SMBC Nikko and Industrial Alliance Securities Inc.

Seite 1 von 3
Brookfield Renewable Partners Aktie jetzt ab 0€ handeln - auf Smartbroker.de



Diesen Artikel teilen

0 Kommentare

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

Meistgelesene Nachrichten des Autors

Titel
Titel
Titel
Titel

Diskussionen zu den Werten

ZeitTitel
09.10.20